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PokerStars delays flotation

by isleofman.com 6th October 2006
The uncertainty in online gaming has hit another Island company.

PokerStars, the second-largest poker site on the internet, has scrapped plans to float pulled its planned stock market flotation.

The company is based here in the Isle of Man and owned by the Israeli Scheinberg family.

The flotation was expected to be worth ?1.6 billion, but with the new crackdown in the US, Pokerstars says it won’t be going to market before 2008.
Posted by isleofman.com
Friday 6th, October 2006 10:44pm.

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