The large, online website marketing firm, Empire Online, has announced that
it is seeking flotation on the London Stock Exchange, gauged at approximately
US$1 Billion in worth. Tradal Ltd., the online poker company, is a
subsidiary of Empire Online - and is also planning a flotation on the LSO as
soon as appropriate funds have been raised.
Company founder, Noam Lanir, commented that Tradal will be raising funds to
flotate, and says the flotation rates will be some of the most competitive on
the market. Many speculate this will be achieved through the help of Lord
Leonard Steinberg, a gambling pioneer in the U.K. Steinberg was the
founder of the giant gambling corporation, Stanley Leisure, which he sold in the
days of late. Now, Steinberg will serve as a chairman on the Tradal board,
which many think is a motion to invest in the quickly growing company.
The move to flotate is being looked upon from many online casino gambling
executives and investors as a wise and sound choice. Empire Online, which
has been operating since 1998, has done very well bringing up Tradal, and
continues to offer online marketing services to several large casino and betting
sites, including Casino on Net and Pacific Poker. Flotation is being
discussed currently, with expectations to post on the London Stock Exchange in
the near future.