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PokerStars IPO - $2bn

Discussion in 'Casino Industry Discussion' started by Casinomeister, Jan 4, 2006.

    Jan 4, 2006
  1. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

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    The Times January 04, 2006

    Family stand to net $2bn from their online gambleBy Dominic Walsh

    THE Israeli family behind the worlds second-biggest online poker company looks set to become the next internet gambling billionaires after deciding to sell the PokerStars business.

    The Scheinbergs, who recently moved the companys operations to the Isle of Man, are understood to have appointed NM Rothschild, the City merchant bank, to sell or float PokerStars at a price of more than $2 billion (1.2 billion).

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