The highly respected Poker Stars poker room, home of recent WSOP champions Joe Hachem, Greg Raymer and Chris Moneymaker, is set to float on the London Stock Exchange with a value of $2bn.
Online poker giants Poker Stars, a poker room which many consider to be amongst the finest in terms of software and player ability, is in talks with a number of investment banks to enable a floatation to go ahead. A report in The Sunday Times stated.
In March of this year, Poker Stars registered its five millionth player. The company announced it was making profits of between $150m and $200m per year.
Recent rumours suggested Poker Stars would be sold to either a bricks and mortar gaming company or an online poker rival. These rumours appear to be unfounded with a floatation now more likely.
Poker Stars is 75% owned by Isai Scheinberg and his family, residents of Canada. Scheinberg was previously a computer programmer for IBM who specialised in Unicode. He founded Poker Stars in 1999. His children are major influences in the running of the company.
If a float goes ahead, PokerStars would be following in the successful footsteps of Empire Online and their nearest online poker rivals, Party Poker (Party Gaming PLC).
Ed note: You can download Poker Stars directly here. For access to the biggest online poker tournaments.