Steinberg To Chair Tradal ?
Published: Friday, May 27, 2005 Online-Casinos.com
STEINBERG TO CHAIR TRADAL?
With a GBP 550 million listing in the wings,
clout in the chair is critical
The speculation that online gambling group
Tradal is going for a public listing was revitalised this week when news broke
that the chairman and founder of Stanley Leisure, Lord Leonard Steinberg (68)
is to join the Tradal board as chairman.
Steinberg, a working peer and
fundraiser for the Conservative party, is one of the most respected figures in
the gambling industry. He started out in the 1950s taking bets in his family’s
Belfast milk bar and expanded Stanley into one of the industry’s biggest
players with a chain of betting shops and casinos.
Over the past few months
Tradal has been repeatedly reported to be planning a London flotation of GBP 550
million. Steinberg, a respected personality in land-based casino gaming, joins
Tradal shortly after the company hired stockbroker Numis to guide its future listing.
Steinberg recently sold off the bookmaking shops of his own business to William
Hill, and is now focused on the more upscale Mayfair Casinos. The main focus of
Tradal’s business is providing customers for other online gambling sites,
such as Party Poker, which has been planning an IPO of its own for some time.
