Poker Room Pokerstars IPO Rumors Fly Again
Published: Sunday, March 26, 2006 Online-Casinos.com
ONLINE POKER CARD ROOM POKERSTARS IPO RUMOURS FLY AGAIN
Could the Scheinbergs family be looking toward London after all?
Online poker room Pokerstars was at the centre of intense speculation (see earlier Online-Casinos.com & InfoPowa reports) in January of this year when the world's second largest online poker company hired a leading London broker, NM Rothschild to guide it in deciding whether to continue as is, sell or launch an IPO. Amid rumours of behind the scenes buying offers, the topic then went quiet, only to re-surface this week with further talk of a London listing.
The Israeli Scheinberg family own 75 percent of PokerStars, with employees holding the rest but there was no response to media enquiries about the renewed interest in a listing.
Analysts discussing the issue speculate that a listing could raise between US$2.5 billion and US$3 billion, valuing PokerStars right up there with Party Gaming, 888.com and other top of the totem pole companies. PokerStars is reported to generate profits of around US$200 million a year and is certainly in the big money leagure when it comes to tournaments and promotions involving millions of dollars..
London listings have continued to enjoy popularity this year after an exciting 2005. Excapsa had a successful debut recently, there are reports of Full Tilt Poker talking to brokers and financiers and the Playtech IPO has been predicted for late March - April by many. On the downside, the current attempts to ban online gambling in the States could introduce a dampening effect, although European executives have expressed doubts that such a ban will be passed in the face of the millions of Americans who regularly play online and the continued growth of the business, which last year enjoyed revenues of at least $10.9 billion and shows little sign of slowing down.
An old favorite brought back under a new software brand, U.S. friendly.
Use just one account to access poker, sports book and casino gaming.
Excellent number of high-quality games and great support.
Nice sign-up and on-going bonuses with fast cash withdrawal processing.
Good selection of fun games including some new, innovative games on offer.
Huge sign-up bonus with reasonable wagering requirements and an excellent look and feel.
New players receive an insane 200% bonus up to $1000 free on both their first and second deposit.
New players offered up to $888 free in sign up bonuses, a special bonus available for blackjack players as well.
