Another Online Gambling Listing On The Cards

September 17 - Online Gambling software firm Playtech are reported to be investigating a London Stock Exchange (LSE) listing as soon as November this year. The news follow hot on the heels of a flurry of listings in the online gambling sector over the last months. Playtech are reported to be in talks with advisors in London. The Cypress based software company powers industry leading brands like Casino Las Vegas and Swiss Casino...

Sources close to Playtech say that a private sale is also an option being considered.

The firm will apparently be keeping a close eye on the listing of  888 Holdings, the owner of 888.com, who started the wheel rolling on a September listing.

The 888 listing is seen as a watershed for the industry, as some firms planning an IPO may well delay or even cancel their listing plans based on the outcome of this listing.

This is largely due to the fall in the share price of Party Gaming last week, following revised forecasts by the group.

Things have also not looked to bright for listed software firms, with online gambling software firm CryptoLogic seeing its share price steadily declining this year.

Playtech, however, will present a strong story with its very strong client base, including some leading UK bookmakers.

Analysts are even speculating a valuation in excess of that of Cryptologic's GBP 195 million.

Playtech has played down the rumors and a spokesperson has said a listing is unlikely before year end.

Send To A Friend

Add This Gambling Article To:
Del.icio.us	Digg	Google	Spurl
Furl	Simpy	Y! MyWeb	OnlyWire
Redit	StumbleUpon	Technocrati