Hey cool, Paradise is publicly traded now.

[thwang99]

http://uk.finance.yahoo.com/q?s=SBT.L&d=t

Paradise is a publicly traded company now. With a P/E of a high 56. /images/graemlins/smile.gif

- Tony

[foldmasta]

This "P/E" is sorta useless... it's based on the old Sportingbet figures that don't include any Paradise Revenue...

[yct]

LONDON (Reuters) - Sportingbet (LSE: SBT.L - news) has agreed to buy Internet poker site Paradise Poker for an initial payment of $297.5 million (162.5 million pounds)Payne estimated there were over 50 million poker players in the United States -- where Paradise does 79 percent of its business -- but only 2 percent of U.S. players had converted to using the Internet.

Paradise, which was launched in 1999 and is now the world's No. 3 poker site, has 97,000 active players.

It said it would pay the unnamed vendors $193.3 million in cash and 56.7 million shares.

The $193.3 million will be funded by taking out 90 million pounds of bank debt and by placing 44 million shares at 110 pence each.

party is probably going to be worth 1 billion

[GrannyMae]

party is probably going to be worth 1 billion

this is probably low. i would guess 2-3 billion. others would say much higher, but i don't agree.

at a 50p/e, it would be valued at $10 billion or more, but the risk is too high imo.

[yct]

this is probably low. i would guess 2-3 billion. others would say much higher, but i don't agree.

at a 50p/e, it would be valued at $10 billion or more, but the risk is too high imo.

is party poker hiring? this is gonna be the next google...