Poker Stars online casinos might go public

Top 21 Online Casinos - Poker Stars online casinos might go public

Hoping to join the ranks of recent success stories of online casinos which have successfully floated stocks on the London Stock Exchange, Poker Stars, which bills itself as the world's second largest internet poker and online casinos company, is reportedly moving its online casinos operations to the Isle of Man in preparation for an IPO release within the next month or two. Among the many other online casinos companies having successfully floated stock or which are planning on floating stock include Party Gaming, Coral Eurobet, Gala Group, Cassava Enterprises, Trident Gaming and Betfair. Poker Stars is currently based in Costa Rica.

The online casinos group recently secured a license to operate from the government of the Isle of Man and is in preparations to move the online casinos business and most online casinos operations to the island sometime later this year. The Poker Stars online casinos group is controlled by the Scheinberg family, from Israel. The popularity of IPOs for online casinos these days stems in part from the example set for others by groups like Party Gaming, which have seen an increase in cash from the offerings and the net worth of the companies and management and founders growing exponentially.

If Poker Stars goes through as expected with the IPO after the move to the Isle of Man, other online casinos and gambling companies can be expected to follow suit. As more and more of these companies go from exclusively private ownership to being publicly traded, the lucrative online casinos business may present to online gambling enthusiasts opportunities to make money with online casinos in ways other than by playing or downloading games from their websites. The stage seems set for a new era in which the net worth of online casinos begins to, when combined, challenge those of the more traditional land-based casinos industry.

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