Partygaming Advisers Play for Pounds 54m Fees Pot

Evening Standard - London › June 20, 2005

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Summary

ADVISERS to next week's Pounds 4.7 billion stock market flotation of internet poker giant PartyGaming could pick up a bumper Pounds 54 million in fees.

The float, which has been boycotted by American investment banks on the grounds that internet gambling is illegal in the US, is by no means a cinch to get away. That is reflected in the underwriting fees being charged by the seven European banks.

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Extract

Partygaming Advisers Play for Pounds 54m Fees Pot

Potential investors are said to be pushing for the price to be cut, reflecting the political ri...

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