Cassava Enterprises, the world’s largest Internet casino operator, is soon to float on the London stock exchange according to media reports.
The Financial Times reported that toto sgp is working towards a September 1 launch date and the IPO is expected to value the group at around £700m ($1.3bn)
HSBC will be the sole bookrunner on the IPO managing the stock in conjunction with brokers Panmure, Bridgwell and Numis. The firm, which has over 20 million subscribers, is based in Gibraltar and will be listed on the London Stock Exchange.
£200m at Stake in Glasgow Casino Deal
A Las Vegas-style super casino in Glasgow would generate about £200m for the west of Scotland economy.
The Glasgow City Council survey marks the first time the authority has formally backed moves for a resort casino in the city.
Such a regional casino development would create about 4000 jobs and attract two million visitors the findings revealed.
Several multi-million developments have been proposed in the city, but the government said it would allow only one resort casino to operate in the UK. The council’s new stance raises hopes that it would be built in Glasgow.
The council’s regeneration experts found that a casino would bring £150m to £175m in capital investment to the city. It would also bring £50m in benefits to the local economy.
Other benefits included: some two million visitors each year, of which 50% would be from outside the city; 1500 jobs during the construction phase; 1500 jobs at peak periods within the casino; and 750 to 1100 jobs created off-site.
Speculation has mounted that the super casino could be located in London or Blackpool. But proposals for major regeneration schemes in Ibrox, at the SECC, and Glasgow Harbour will be enhanced by the council’s policy shift.
The location of any super casino will be decided by an independent panel but the government could raise the number of casinos allowed during the pilot phase if parliament agrees.
Bingo Entertainment’s Exclusive Bingo Take Over
Leading online gaming provider, Bingo Entertainment Ltd adds another online bingo site to its network this week: Exclusive Bingo. The gaming site, formerly known as Emerald Bingo, is now under new management and has been taken over and revamped to attract new players as well as offering new and exciting games for its existing player base. Bingo players can now look forward to one of the widest range of special chat games, bonuses, cash prizes and Jackpots, making the gaming experience all the more exhilarating.
Exclusive Bingo now forms part of a well-known network of Bingo sites, all produced and managed by Bingo Entertainment Ltd. Since its inception in 1999, the company has created an ever-growing, loyal player community and prides itself on the close relationship it has with its players. The take-over of Exclusive Bingo reflects a further effort to remain in step with both player needs and the call for a wider choice of games. Players should expect to see a positive change as a result of this takeover initiative.
Players may visit the new Exclusive Bingo site at www.exclusivebingo.com to sample the online bingo experience.