Gambling News - May 2005 Edition

"Online Casino Marketing Company Issued for $1,000,000,000"

1 Billion dollar gambling floatation to hit London Stock Exchange

One of the biggest newsmakers in the booming gambling industry is currently online casino, Empire On-Line. Empire On-Line is maintaining the online gambling industry’s news headline pole position by announcing that it is considering going public on the London stock exchange and it is expected that the issue for the company will be for one billion dollars.

This floatation, being made on the advice of an investment bank, will be the largest issue ever in the history of online gambling. They based their decision to go public on the amazing growth of the Internet gambling industry and Empire On-Line’s management believes that the profits from the one billion dollar issue will rise accordingly. First reported by Jill Salinger, editor in chief at www.worlds-best-online-casinos.com, Empire On-Line’s announcement of its plans to go public has enormous implications for the Internet gambling industry and will be followed closely by potential investors.

The Internet gambling industry continues to expand at incredible speed, but despite this, the industry is not without its skeptics. Many people maintain that just as the dotcom businesses crashed a few years back, the Internet gambling industry will follow the same path. Skeptics and critics aside, however, there is nothing to indicate that online gambling businesses will fail in the near future, and everything, in fact, indicates that the current expansion will continue unabated.

It is this current popularity that Empire On-Line CEO, Noam Lenir, is “betting on” to take advantage of the opportunity make the move to go public a success. It is interesting to note that Lenir is a native of Israel where Internet gambling is not yet allowed. Lenir is the son of an Israeli officer who is considered a Yom Kippur war hero here because he refused to reveal sensitive information to his Syrian captors after he had been captured and tortured.

Gambling is enjoying unprecedented popularity with the advent of the Internet and the continual upgrading of connection speeds and new technology. The ease, convenience, and privacy that gambling over the Internet provides is the primary appeal of Internet gambling. In the past, anyone wanting to gamble had to drive to casinos located in cities, sometimes far away from their places of residence. Now they can gamble in the privacy and convenience of their own home with just the click of the computer mouse.

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