UK Gambling Company Floatation
Published: Friday, December 03, 2004 Online-Casinos.com
VC HOLDINGS - BRIT GAMBLING COMPANY FLOTATION
VC Holdings plans to go public on the small london stock exchange
Strong rumours abounded this week that online casino gambling company Gaming VC Holdings plans to float on AIM in the near future with a market cap as high as Euro 200 million.
The group, which claims it is the world's third-largest online casino operator by user numbers, plans to raise between Euro 105 million and Euro 150 million via the float before the end of 2004. Gaming VC's top brand is Casino Club.
The founding shareholder, a German businessman who prefers to remain anonymous, is selling his interest to a group of four Americans led by former IBM/Lotus manager Steve Barlow, who will become chief executive.
