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June IPOs

, 2005-06-01, by TwoGun

Some of the larger online poker rooms are or are becoming public companies. For example, Sportingbet, the company that owns Paradise Poker, is a publicly traded company on the London Stock Exchange.

Another online gambling company that is publicly traded is Neteller, which is also on the London Stock Exchange. Neteller is a money transfer service that many of the online poker rooms use.

It appears that both Empire Poker and Party Poker will soon become publicly traded companies on the London Stock Exchange. The company that owns Empire Poker, Empire Online, will launch their IPO on June 15. Empire Online is estimated to be worth $1 billion.

Party Gaming, the company that owns Party Poker, is expected to float on June 27 on the London Stock Exchange as well. The company is considered to be worth about $10 billion, which is high enough to qualify it for the FTSE 100 index.

These two firms are seperate companies. However, they share the same poker room. Their live games and single-table tournaments are identical, but each has their own multi-table tournaments and promotions.

More information about these IPOs can be found in this Reuters Article.

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