Published: Sunday, March 26, 2006 Online-Casinos.com
BROKER ANNOUNCES PLAYTECH INVOLVEMENT
Interest in London IPO for turnkey online casino software provider Playtech mounts
Interest in the forthcoming London listing of turnkey online caisno software provider Playtech continued this week with an announcement from brokers Berwin Leighton Paisner (BLP) that it has been hired to see the GBP 550 million IPO through to a successful conclusion.
David Collins, head of BLP corporate finance said: "We are delighted to be involved in the latest high-profile corporate transaction in the online gambling industry. We have been involved in a number of AIM IPOs in the online gaming sector this year, including playing the lead corporate advisory role on the GBP 214 million IPO of the online gaming software provider, Excapsa in February, and the gaming regulatory role on the AIM IPO of the Chinese lottery and Asian handicap sports betting platform provider, Betex Group, earlier this month.
"We continue to see very high levels of corporate activity in the sector, particularly on the mergers and acquisitions side as the consolidation phase of the online gambling industry continues apace."
Online casino gambling industry sources said the upcoming flotation on the London AIM market will raise an aggregate of GBP 265.1 million for existing shareholders.