Parent could be looking at a major London listing

30.07.2005

The rumour mill was working overtime this week as IPO fever continued to dominate discussions in the Internet gambling business - the latest company tipped for a public listing is St. Miniver parent St. Enodoc.

It's a Gibraltar-based egaming white label firm, and the word is that a public listing worth around GBP 30 million is a possibility later this year. The company is playing a coy game, with spokesmen commenting that an IPO is among several options "....under consideration."

What is known, however is that St. Enodoc has retained stockbroker Panmure Gordon to advise on its "options."

St. Enodoc has been around for the last two years, originally under the St. Miniver banner, where its owners picked up the Gala Interactive business from UK bingo firm Gala.

The chairman is a highly experienced attorney and businessman called Tony Wollenberg and in addition to its casino and soft gaming products it operates the Boss poker network and certain mobile gaming services for m-gaming operator Probability Games.

The client list is impressive, and includes some of the UK's biggest online names such as Yahoo!, FHM, ivillage and lastminute.