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VC gambles on Aim

Casino company to float at 200m euros

Friday 26th November 2004

Online gambling company Gaming VC Holdings is today expected to announce plans to float on Aim with a value of as much as €200m.

The group, which says it is the world's third-largest online casino operator by user numbers, plans to raise between €105m and €150m via the float before the end of the year. Gaming VC operates under the brand name

The founding shareholder, a German businessman who wishes to remain anonymous, is selling to a group of four Americans led by former IBM/Lotus manager Steve Barlow, who will become chief executive.

Source: OnlineCasinoNews

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