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DATE: May 25 2012
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Poker.co.uk - Poker News Archive

Thursday 16th September 2004

Partypoker.com To Float on Stock Exchange?

Online poker market leader, Partypoker.com, is believed to be considering floating on the London Stock Exchange, according to the Times, and is currently understood to be in talks with several investments banks, discussing to the finer points of such a venture.

Whether the move is timely is open question, particularly given the current political climate of opposition to gambling in the US, which is where the majority of the company�s customers are based. However, there are suggestions that poker may be treated more leniently because it relies on skill and does not involve fixed odds betting.

It is not yet clear how much Partypoker is worth, but estimates suggest profits are somewhere in the region of between $100 million and $200 million a year. At peak playing times, the site has had more than 50,000 people playing at more than 5,000 tables.

Source: OnlineCasinoNews

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