Ulitmate Bet Gambling Company Going Public?
Published: Friday, July 29, 2005 Online-Casinos.com
ULTIMATE BET GOING PUBLIC?
Favourable sentiment makes this a good time.
Speculation is rife that Ultimate Bet is warming up for a GBP 200 million flotation in the near future, hoping to emulate the positive effects of a London listing experienced by Party Gaming (partypoker) and Empire Online.
Operator Excapsa has engaged Canadian brokerage experts Canaccord Capital to consult on a possible listing, hoping to raise at least GBP 30 million that would give it a market cap between GBP 145 million and GBP 200 million.
Launched five years ago, Ultimate Bet claims to be the seventh largest site in the booming online poker sector and has a gaming licence from the Kahnawake enclave near Montreal in Canada. It has recently launched in the UK under the Ultimate Poker brand.
CEO Jim Ryan will continue to head the Ultimate Gambling company.
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