Devilfish Gaming to go Public
By August Darnell | February 6, 2008
Devilfish Gaming, the parent company of the David “Devilfish” UIliott-fronted online poker room, Devilfish Poker, has made plans to offer shares of itself on Plus Markets, the junior London exchange.The company wishes to raise £1 million through the public offering, bringing its market value to £3.2 million.
Ulliott owns 27.8 percent of the company, although he does not sit on the Board of Directors.The Board’s chair, Kevin Leech, holds the next largest chunk of shares.
This is an interesting move by Devilfish Gaming, as online gambling firms have been hesitant to float since the UIGEA was passed in the United States back in October 2006.Most were hit hard, having shed their American customers, and have since focused more on Europe and Asia.Devilfish Poker does not accept American customers, although the big room on its poker network, UltimateBet, still does.
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