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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 groups 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
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