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#1
11-10-2004, 04:02 AM
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Hey cool, Paradise is publicly traded now.
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. [img]/images/graemlins/smile.gif[/img] - Tony 
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#3
11-10-2004, 04:32 AM
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Re: Hey cool, Paradise is publicly traded now.
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
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#4
11-10-2004, 02:10 PM
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Re: Hey cool, Paradise is publicly traded now.
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.
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#5
11-11-2004, 02:45 AM
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Re: Hey cool, Paradise is publicly traded now.
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...
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