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| | | August 26 - Following in the footsteps of PartyGaming, the latest online
gambling poker group to issue a successful IPO on the London Stock Exchange (LSE), many
other top gambling groups are following suit.
One such group is 888.com which is gearing up for a LSE listing of its own soon. PartyGaming's IPO proved so successful that it has 'overshadowed'
long-established British 'Blue-Chip' public companies.
These include large retail group, Marks and Spencer, ferry operator, Kingfisher
and airports operator, BAA. In fact, PartyGaming shares are expected to earn a
listing in the esteemed FTSE 100 Index.
London Stock Exchange insiders have said that not since the 'dot com' boom in
the 1990s has the LSE experienced such large flotations, as shown by the PartyGaming
listing which has been estimated at just under ?7 billion.
Critics of Internet or online gambling are concerned about the increasing
magnitude of online gambling company share listings given the current 'illegal'
status of online casinos and poker rooms in various countries around the world,
including the US.
However, gambling industry experts have attributed the popularity of online gambling
shares to the increasing accessibility of online casinos and poker rooms to
Internet users around the world.
This includes women, who have traditionally not been as prevalent in land
casinos as their male counterparts. Given the anonymous nature of gambling
online, anyone (over the legal gambling limit) can play online.
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