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, - 2006-03-23 18:03:17

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