More Reports On Cassava Going Public
Published: Friday, March 18, 2005 Online-Casinos.com
MORE REPORTS ON CASSAVA GOING PUBLIC
The Financial Times speculates...
Reuters is reporting that online casino Casino on Net is set to float in the second half of this year for around $1.6 billion (840 million pounds), quoting the venerable Financial Times in an unsourced article.
Cassava Enterprises, the owner of Casino On Net and one of the world's biggest Internet gambling groups, has apparently hired Credit Suisse First Boston to prepare the flotation, the FT revealed this week. Cassava was unavailable for comment.
The article did not say where Casino On Net would float, but London has become the de facto listing center for Internet gambling companies.
In January, the world's biggest online poker company, PartyGaming (partypoker), said it was considering what would be one of London's largest share listings in more than three years, estimated at over 3 billion pounds.
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