New Entry To Online Poker And Casino Sector
Published: Friday, July 29, 2005 Online-Casinos.com
NEW ENTRY TO ONLINE POKER AND CASINO SECTOR
ubet2win has British and Irish backing
British and Irish bookie group ubet2win could be moving into the online casino and poker sector once it has completed next week's debut on the London AIM stock market.
The company has raised around GBP 239 000 via a public offer at 3.5p a share, more than double the original GBP 100 000 expected, valuing the business at nearly GBP 5.5 million, thanks to the positive sentiment on gambling stocks following PartyGaming's high profile big listing last month, with its shares up almost 40 percent in four weeks.
Discussions have reportedly taken place with online poker providers with a view to setting up a poker gaming site, with an online casino also anticipated in the future. ubet2win says that something like 6 percent of UK horse racing bets are now placed online.
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