Online Casino Technology Firm Employs BLP
Interest in the impending floatation of online casino technology firm Playtech has reached epic proportions in recent weeks. The latest news to tantalise the online casino gaming industry is that the floatation will be managed by respected brokers Berwin Leighton Paisner (BLP). A recent statement from the firm confirmed rumours that it has been hired by the online casino technology company to oversee the IPO worth approximately 550 million pounds sterling through to a successful conclusion to the online casinos operator.
David Collins, a spokesman for BLP, addressed the firm’s role in the floatation, saying that BLP has been involved in a number of recent IPOs on London’s Alternative Investment Market featuring online casino technology companies. BLP was instrumental in advising online casino software firm Excapsa when the firm began its February 2005 floatation valued at 214 million pounds sterling. BLP were also involved in subsequent AIM floatations featuring Chinese lottery firms and that of the Betex Group, an Asian online casino and sports betting firm.
While most IPO’s involving online casino technology firms have created high levels of interest, none to date has drawn more attention than that of Playtech’s. Online casino gambling industry sources state that the upcoming flotation will raise an aggregate of 265 million pounds sterling for the firm’s existing shareholders.