According to CardPlayer, Gibralter-based company 888 Holdings has now gone public. 888 Holdings runs the sites 888.com, ReefClubCasino.com and PacificPoker.com.
Israeli brothers Avi and Aaron Shaked sold approximately 25% of the company’s stock, making a reported $94 million dollars in the sale. The brothers retained 51.2 percent of the company’s stock.
Had they gone public a month prior, they may have been able to sell the stocks for a higher amount. The price for online gaming stocks has dropped considerably since an independent auditor in Party Gaming’s quarterly report predicted online poker growth would slow down considerably over the next few months.
