Online casino Cassava
to go public?
August 25
Online poker sources believe
Cassava Enterprises is planning a preliminary public
offering in London that reportedly values the online
casino company at over $1.3 billion US dollars. The
companies preferred wish is an IPO it is being said
by sources.
Some believe that the offering
will take place as early as next month, while others
say it will take place after September 2005.
The Financial Times believes
that Cassava is actually trying for a September 1st
offering.
Cassava, based in
Gibraltar, operates many online casinos, including
the very popular online poker site Pacific Poker has
made no official comment.
Big amounts of money could be
earned for the two Israeli families that control
more than 90% of the company if the floatation takes
place. The online casino company has over 20 million
registered players all over the world.
