July 27 - There is lots of corporate activity in the online gambling industry. This
reflects the growth and exponential success of the industry.
Sportingbet
purchased
Paradise Poker last year in a
multi-million dollar deal.
Party Gaming
recently made their published
debut to the stock market. Now a smaller rival,
Ultimate Bet, has
announced its plans for a £200m flotation.
Ultimate Bet is managed by a company called Excapsa. It has appointed Canaccord Capital to
assist with possible listing. Its chief executive, Jim Ryan announced that
Ultimate Bet is worth about £145m and £200m. He plans to raise almost £30m from
the flotation.
Ultimate Bet was only launched about 5 years ago, and is licensed in the
jurisdiction of Kahnawake,
Canada. According to poker industry source Pokerpulse.com the site is seventh-biggest poker room on the internet.
It has recently expanded in the UK
under the Ultimate Poker brand.
The appetite for poker shares is huge at the moment. Watch this space for
more news on corporate activity in the industry.
Related Gambling Articles:
- Online Gambling Boss Set To Make $60 Million
- Empireonline To Buy Online Casino Gambling Group
- Another Online Gambling Millionaire is Made
- Online Blackjack Casinos
- WagerLogic Launches 14 New Online Gambling Games
- Slots Manufacturer To Acquire Online Gambling Firm
- Auction Giant to Make Entry Into Gaming Market
- The Online Gambling Power Players
|
Del.icio.us
Digg
Google
Spurl
Furl
Simpy
Y! MyWeb
OnlyWire
Redit
StumbleUpon
Technocrati