Online Casino company Cassava is to cut the value of its LSE listing for its online casino 888.com by at least twenty percent, the Daily Mail newspaper has reported.
The LSE listing is valued at between 500 million pounds and 660 million pounds, as reported by an unknown but reliable source.
The report said the online casinos campany had been expecting 750 million pounds, while its listing brokers expected somthing closer to 875 million pounds.
The valuations of online casinos businesses has been hit after an announcement by PartyGaming that it was experiencing slower growth than expected.
No one at the online casino group Cassava could be reached for any comment. They have said thet they had no plans of withdrawing their listing
The business is owned by 2 Israeli families and run by Gibraltar based Cassava Enterprises, They also operate online casinos Pacific Poker and Reef Club Online Casino.
