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Most Recent Online Casino News

Online Gambling Site Party Gaming to Float IPO

In a move likely to have reverberations across the Web, online poker site PartyGaming has filed for what could be one of the largest initial public offerings in the recent history of the London Stock Exchange.

PartyGaming, which is based in Gibraltar, said it will seek to stage its IPO by the end of June, with shareholders selling some 23 percent of the shares up for sale. Estimates of how much the float will raise vary widely, with some projections saying the sale could value the company at between US$8 billion and $11 billion, making it one of the largest publicly traded concerns in the UK.

The firm’s reach is global, including into the United States, where its PartyPoker site has seen a surge in popularity amid the poker-playing craze fueled by televised high-stakes tournaments and the ease of playing online. It also operates sites such as the Starluck Casino and PartyBingo.

Read the entire article at: eCommerceTimes 

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