Poker Words - A Poker Blog

Mostly a recount of my poker exploits along with a bunch of random other stuff just for fun.

Thursday, June 16, 2005

Party Poker IPO Again.

More stories about Party Poker’s (PartyGaming) IPO




Some interesting highlights from the articles.

Party Poker brings in $100,000/Hour.

PartyGaming made over $222 Million in the first quarter of this year, up 93% from last year.

This will make the biggest floatation in London since July 2000 and will place PartyGaming in Britain's leading FTSE 100 share index.

The expected valuation is about $11 Billion.

The U.S. accounts for 87% of PartyGaming’s Revenue.

The share prices were lowered in what some think is concern over the legality of online poker in the U.S.

The four founders will make a fortune from the floatation, but will have to worry about prosecution, fines and potential jail time in the U.S. Their prospectus issued on Wednesday stated that their activity may be considered illegal in the US and "There is a significant risk that criminal or civil judgments may be sought against the group of directors."

Anyway. Check out the articles for more info.



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