Online poker firm set to float

Massive valuation for virtual casino

Thu 2 Jun 2005 // 14:09 UTC

PartyGaming, which runs online poker games, is set to float on the London Stock Exchange later this month for an estimated £5bn.

The price would make it the largest IPO in recent years and make PartyGaming more valuable than British Airways and Boots.

The firm is based in Gibraltar for tax reasons and launched in 1997. It turned over $222.6m in the first quarter of this year and claims its PartyPoker website hosts up to 65,000 players at peak times. Online gambling is gaining in popularity and winning new players especially amongst women.

The LSE is becoming the favoured destination for online gaming firms because of continued questions over US regulation. ®

Topics

Special Features

Vendor Voice

Resources

On-Prem

Online poker firm set to float

Massive valuation for virtual casino

Related stories

More about

TIP US OFF

Other stories you might like

Qt Ubuntu 24.04 betas show that there's room to innovate

AI energy draw from Chicago datacenters to rise ninefold

WhatsApp, Threads, more banished from Apple App Store in China

Industrial systems integrating digitalisation

Unintended acceleration leads to recall of every Cybertruck produced so far

A quarter of 5-7 year olds now use smartphones, says regulator

Cybercriminals threaten to leak all 5 million records from stolen database of high-risk individuals

Germany cuffs alleged Russian spies over plot to bomb industrial and military targets

Wing Commander III changed how the copy hotkey works in Windows 95

Some smart meters won't be smart at all once 2/3G networks mothballed

Your trainee just took down our business and has no idea how or why

UK unions publish AI bill to protect workers from 'risks and harms' of tech

About Us

Our Websites

Your Privacy