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Online Casino 888 Holdings to float on the London Stock Exchange
September 02, 2005
One of the biggest online casinos in the world, 888 Holdings is planning to float on the London Stock Exchange by the end of September. Chief executive John Anderson said, this important step will make the company market leaders in the global online gaming entertainment industry. It will also increase the brand profile, recognition and credibility.
888 Holdings is a Gibraltar based company and is a subsidiary of Cassava Enterprises. It has twenty million players' accounts and is one of world's biggest casino operators. Internet gambling has attained immense popularity in the recent years and the gambling market is worth US$7bn to US$10bn. There are around 2500 websites which offers poker, online casinos and sports betting. By 2009 it is estimated that the online betting could be worth US$24bn.
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