April 25, 2005

Poker firm float flushed out - Sunday Times - Times Online

Poker firm float flushed out - Sunday Times - Times Online:

THE COMPANY behind Empire Poker, a leading online gambling site, is poised to become the next poker firm to attempt to make its stock-market debut, with a possible £500m flotation.
Tradal, which has its headquarters in Limassol, Cyprus, is in exclusive talks with Numis, the stockbroker, to receive advice on its strategic options.
NI_MPU('middle');Sources believe that it will decide to go for a listing in London. Another option would be to try to raise funding on the debt markets. No timetable has been set for a decision on its future strategy.
Tradal is the latest of a number of poker sites to look at going public. Party Gaming, which operates the world’s largest online poker business, Party Poker, appointed investment banks Dresdner Kleinwort Wasserstein and Investec to advise on its options, including an IPO.