Friday, January 28, 2005

Poker hand

PARTYGAMING, the world’s largest online poker company, is considering what could be London’s largest listings since Friends Provident floated in 2001 - estimated to be worth between £3-5 billion.

PartyGaming said it had retained investment banks Dresdner Kleinwort Wasserstein and Investec to review options. The company is believed to have had earnings before interest, tax and amortisation of $350 million to end-2004.

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