Playtech to Float on the LSE
The flotation of online casino software developer, Playtech, has been more than five times covered at a price of around £2.6 a share according to sources close to the flotation.
Playtech’s flotation hopes to raise £175 million and dealing looks set to start around March 27.
The firm is majority-owned by Israeli Internet-gaming entrepreneur, Teddy Sagi who counts the Tote, Bet365 and BetFred among its clients and is the latest in a series of online gambling firms to opt for a London listing.
Editor, Jackpot.co.uk - 2006-03-23 18:03:17