Crystal Palace Casinos' IPO

[Casinomeister]

THE Crystal Gaming Group, which runs online casinos in South Africa and the US, is lining up to float on AIM.

The Isle of Man-based group is believed to have appointed Seymour Pierce to advise on the listing, which is expected to put a value of £140m on the firm.

Crystal claims to be the third-largest online casino on the basis of the number of visits to its sites, which include Crystalpalacecasino.com.

Warren Cloud, the 32-year-old South African founder of the business, and his family will retain a 45% stake in the company.

More here:
http://www.timesonline.co.uk/newspap...806860,00.html

[Simmo!]

[Bruce Hamilton]

[amandajm]

Seems to me the way to get on in online gambling is to take liberties.

Whether that be starting up with rigged software (handa/iglobalmedia/partypoker/, popup or spyware hellraisers (888) or just plain ridiculous/Warren cloud/Don Fortune et al.

Mildly worrisome yet unsurprising.

[Simmo!]

I won't repeat what my initial thoughts were, but in actual fact this may turn out to be a good thing. Investor and market pressures leave little room for error. It could be just what the group, and the industry, needs to get on track.

[Casinomeister]

I think there was a misprint - £140m should have been $140m - but this should be clarified sometime soon.

...but in actual fact this may turn out to be a good thing. Investor and market pressures leave little room for error. It could be just what the group, and the industry, needs to get on track.

Exactly. When one puts himself in the public eye to be scrutinized, that's usually what happens. I think every casino group should be placed in this sort of spotlight.

[Webzcas]

I think there was a misprint - £140m should have been $140m - but this should be clarified sometime soon.

Laughable. However maybe with the pressure of being listed, they might clean up their act.

[thelawnet]

THE Crystal Gaming Group, which runs online casinos in South Africa and the US, is lining up to float on AIM.

The Isle of Man-based group is believed to have appointed Seymour Pierce to advise on the listing, which is expected to put a value of £140m on the firm.

Crystal claims to be the third-largest online casino on the basis of the number of visits to its sites, which include Crystalpalacecasino.com.

Warren Cloud, the 32-year-old South African founder of the business, and his family will retain a 45% stake in the company.

More here:
Crystal chips in with £140m float - Newspaper Edition - Times Online

lol. What next? Windows casino to float?

Btw, something slightly odd: the following page http://www.casinomeister.com/forums/...0&page=1&pp=10 where you said the following:

Hi Winstond,

One question: why? Why deposit money into a casino operation that habitually confiscates winnings and deposits?

Perhaps you didn't know...but this is the standing operating procedure at the Warren Cloud casinos. It's well documented in this forum and others. Casinomeister's newsletter, webcast, and Evil Section.

You can probably forget about your winnings. But if you had made your deposit via Neteller you may be in luck. I'm in the process of contacting Neteller to see if there are options when casinos refuse to refund deposits. I have one woman who has been waiting since October. Pretty pathetic isn't it?

...

I also informed Warren Cloud of this and this is his response:

Delivered-To: xxx@casinomeister.com
From: "Admin" <admin@crystalpalacecasino.com>
To: "Bryan Bailey" <xxx@casinomeister.com>
Subject: Re: Re: pitch a bitch
Date: Thu, 22 Jan 2004 23:15:57 +1100
X-Mailer: Microsoft Outlook Express 6.00.2800.1158


Bryan

Listen nicely my friend

Who the fuck you think neteller care about you who dont process a cent or me that processes 1 mill plus

Think about that you fucking retard before you mail a threatening email
again

NOW FUCK OFF and show paul this email as well

Why are you emailing me deal with RTG you prick

When I meet you in person we will see if you are as cocky

Also good luck in court you will need all the money you an get

Pretty nice stuff for the owner of a soon to be publicly quoted company.

The man is quite plainly not fit to run a quoted company, and this kind of information should not covered up.

So what's up with that?

[thelawnet]

oh and, as per my post in July:

http://www.casinomeister.com/forums/...ead.php?t=8912 at number 5

the following rogue page is still MIA

http://www.casinomeister.com/rogue/crystalpalace.html

[thelawnet]

Curiouser and curiouser.

What happened to this page (WARREN CLOUD CASINOS - The list and The Big Trick)?

http://www.casinomeister.com/forums/...ead.php?t=8132

Or this one from http://www.casinomeister.com/newslet...5may2005.html?

WHAT'S UP WITH CRYSTAL PALACE? PT. III
Well, I think probation time is about over:

....

If you have been banned from one of these casinos do not sign up at another because you won't get paid. Until the Crystal Palace gets with the program, they'll be listed in Casinomeister's Not Recommended Section.

Um nope. Not there. No sign.