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Online Casino Conditions >>> Betting News >>> March News


Chances Look Good for Poker Stars to Choose IPO


Online Casino Conditions Staff
March 28, 2006

There are talks surfacing once again that the second largest online poker room conglomerate - Poker Stars - is considering an IPO on the London Stock Exchange.  After hiring NM Rothschild - a leading London broker - to analyze company assets in January of this year, and consider the options of selling or listing on the LSO, investors have been ready to pounce on what could be a $2.5 billion raise.

Bringing in over $200 million per year, PokerStars looks like a prime candidate for an IPO - putting them with the likes of Party Gaming and 888, who both have enjoyed very fruitful IPO's in recent times.  And now that mega-casino software manufacturer, PlayTech is also being speculated to float in less than a month, the option for PokerStars to do the same is looking quite realistic.

Some investors think that recent talks within the US government could keep the Scheinberg's (the Israeli family who owns 75% of PokerStars) from launching an IPO, and instead selling out to another online casino gaming operator.  However, the majority sentiment is that there is too much business emanating from the US, and that the industry has grown to large for the government to try and curb.  The multi-billion-per-year online gambling industry is going strong, and may get another boost with a further investment by PokerStars.

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