More Detailes On Ultimate Bet Deal
Published: Friday, August 05, 2005 Online-Casinos.com
MORE DETAILS ON ULTIMATE BET DEAL
Ultimate Bet listing could deliver GBP 200 million
Last week Online-Casinos.com & InfoPowa reported on speculation surrounding the possible listing of one of the largest internet poker sites around - UltimateBet. This week further details of the moves came to light in the UK media, revealing that Canadian-based operator Excapsa hopes to raise GBP 30 million on the property, which is valued at GBP 200 million.
Our report that investment bank Canaccord Capital has been engaged to advise on the listing has been confirmed, and the word is that a London listing is likely to happen before the end of the year. Following a successful listing it is likely that Excapsa will seek to expand its operations by buying a large and viable online casino operation.
Excapsa has been managing Ultimate Bet for almost a year following its purchase of the site from the original software provider ieLogic. The firm is run by ex-CryptoLogic chief financial officer Jim Ryan, and recently launched a UK version of its site - Ultimate Poker.
