Cassava Enterprises plans to float on London Stock Exchange
Written by JDPGlobal | Tuesday, 20 September 2005
The Poker industry is growing in leaps and bounds these days. The game has attracted a huge public following and people from all walks of life seem to be interested in the game. Online poker is more dominant than ever before and it engages millions of poker players right around the globe.
More importantly, the market share of the poker industries is also growing and poker is flourishing into a big sector for the investors. The recent reports from an online poker company suggest that the management is pushing to fund a major takeover and then float on the London Stock Exchange. The insiders of the industry believe that the company Cassava Enterprises that owns a poker website, is engaged in a probable bid for their rival Pokerstars. This is also the second bigger poker firm on the internet.
The case of a flotation on the London Stock Exchange would add Cassava to the growing list of online poker companies to be listed in London. Partygaming, the world leader, went public with a value of £4.6billion in June.
