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POKER STARS WILL GO PUBLIC


Online Poker Giant Poker Stars Expected to Float Stock

April 18, 2006 (written by Beat The Fish)

Online poker giant Poker Stars is expected to announce that it will publicly float the company's stock by year end. They would join Pacific Poker, Party Poker, Paradise Poker, and the doomed Empire Poker as publicly traded online poker sites. The estimated value of the company is around $2 billion, most of which is owned by the Scheinberg family.

 

This move is somewhat expected given the enormous surge that Poker Stars has received over the past 2.5 years with the last 3 WSOP Champions promoting their brand. They recently surpassed Party Poker in terms of total traffic and an argument could easily be made to delare them the largest online poker site currently available. Besides Empire, other online poker ventures have generally fared well as a result of going public.

 

Update: While the move to float the online poker giant obviously fell through in the wake of the UIGEA in late 2006, the doors are certainly open to an IPO should the US legalize online gambling in the future.

 

For players at the poker room, we're currently offering an exclusive PokerStars marketing code for a 100% bonus.

   

 

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