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Most Recent Online Casino News

Crystal Gaming Chips in With £140m Float

The Crystal Gaming Group, which runs online casinos in South Africa and the US, is lining up to float on AIM.

The Isle of Man-based group is believed to have appointed Seymour Pierce to advise on the listing, which is expected to put a value of £140m on the firm.

Crystal claims to be the third-largest online casino on the basis of the number of visits to its sites, which include Crystalpalacecasino.com.

Warren Cloud, the 32-year-old South African founder of the business, and his family will retain a 45% stake in the company.

Despite growing scepticism in the City about online gaming businesses and online casinos, Seymour Pierce is confident that the group’s track record — in the 12 months to June 2005 the group made a pre-tax profit of £20.4m — and the fact that the management are not selling shares will attract investors.

Read the entire article at: The Sunday Times – UK 

2005 Online Casino News Archive

 

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