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Tuesday 18th April 2006

PokerStars Set to List on London Stock Exchange

According to rumours at the London Stock Exchange, online gaming giant PokerStars is planning to float. Sources say that the site, which registered its 5 millionth player this March, is in talks with a number of investment banks about how to tackle such a move.

With profits running at around $200 million, the move has come as somewhat of a surprise seeing as there had been talk of the company merging with an online rival or selling to a bricks and mortar gaming company. However, it appears Poker Stars are calling everybody’s bluff and preparing to do high stakes battle with the likes of Party Poker and Empire Online.

Thanks to the likes of Joe Hachem and Greg Raymer representing the site (not to mention its ever-growing business), the floatation would be worth an amazing $2 billion.

Source: OnlineCasinoNews

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