888.com to Float for £700 million?
Filed in archive Casinos on August 24, 2005
Cassava Enterprises, owner of 888.com, Pacific Poker and Reef Club Casino looks to be the next online gambling giant to have a $1 billion floatation, following the footsteps of PartyGaming
Looking for a quick IPO in September, the company is being valued at �700 million - an apparant discount to attact investors. Two Israeli families own 90% of the company
Cassava claim to have 20 million registered members from 150 countries. However, like PartyGaming, some financial institutions are still concerned about a potential US crackdown in the future
Article: Online casino Cassava plans IPO -sources
Permalink: 888.com to Float for £700 million?
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