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Monday 27th March 2006 PokerStars Prepare to List on London Stock Exchange
If you take a daily break to peruse the financial pages, you’ll be well aware by now that poker has become big business on the London Stock Exchange. It doesn’t take a financial genius to work out that having shares in online gambling right now equals massive returns and a vague feeling the this new dotcom bubble could all go the same way as the last one.
Either way, it seems that PokerStars are going to be the latest to be listed, after rumours of their sale in January dissipated. The Israeli Scheinberg family, who own 75% of the company believe they can make up to $3 billion by listing – putting Pokerstars up there with Party Gaming and 888.com as one of the big boys. This is unlikely to lead to ridiculously inflated prizes on the site, but then this is beyond simply gambling with a few dollars. They will follow the likes of Full Tilt Poker who are due to list at the end of this month.
The only fear is that legislators get their way in the U.S. and outlaw online gaming. But with money to be made, it’s highly likely that they’ll have dollar signs rolling in their eyes soon too. Time to invest all that extra cash then.
Source: OnlineCasinoNews
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POKER NEWS >> PokerStars Prepare to List on London Stock Exchange
