Home

Online Poker

Report: Online Poker to Generate $4 Billion by 2008

Authored by Mark Hefflinger on June 17, 2005 - 8:53am.
Dublin, Ireland -- The global annual commissions generated from online poker sites will exceed $4 billion within the next three years, according to a poll of industry experts conducted by Ireland-based Research and Markets. The total amount gambled on online poker sites this year is estimated to be more than $60 billion. The poll found that most experts believe online poker will be the dominant form of online gambling by 2008, and that Europe will be the leading market. The firm predicted that bigger gambling brands like Ladbrokes will soon enter the space, and believes poker sites will face obstacles like decreasing revenues per active player that will lead to industry consolidation.
tags: Report | Online Poker | Generate |

Online Poker Firm PartyGaming Considering U.K. Flotation

Authored by Mark Hefflinger on January 27, 2005 - 6:12am.
London -- According to the Financial Times, U.K.-based PartyGaming, currently the largest online poker company in the world, is considering an initial public offering (IPO) on the London stock exchange. Analysts estimate that the listing would generate as much as $9.5 billion, which would make it the largest listing in London in more than three years. "PartyGaming has a leading market position, proven technology and is generating significant levels of profit and operating cash flow," said CEO Richard Segal. Segal added that his company had hired investment banks Dresdner Kleinwort Wasserstein and Investec to review its options, with an IPO being "one of the options" under consideration. PartyGaming runs three main brands (PartyPoker, StarluckCasino and PartyBingo) that currently account for more than half the global online poker market.
tags: Online Poker | PartyGaming | U.K. Flotation |