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Empire Poker to Go Public
By Dan Katz
Published: Saturday, April 30, 2005
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Tradal, Ltd., the company behind Empire Poker has made plans to become the next online gaming concern to go public. Based out of Limassol, Cyprus, Tradal is targeting a £500 million float and is being advised by investment banking firm, Numis.
While no timetable has been set for the offering, it is believed that Tradal will opt to list in London.
Party Gaming, owner of the largest online poker room, Party Poker, has already announced its intentions to hold an initial public offering. Additionally, Cassava Enterprises, owner of 888.com and Pacific Poker, has enlisted the services of Credit Suisse First Boston for help in its efforts to float shares of itself in the public market.
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