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Posted by: GrandMaster at January 3, 2006, 11:56 pm

Topic: Family stand to net $2bn from their online gamble Forum: Winner Online

From The Times:

"THE Israeli family behind the world’s second-biggest online poker company looks set to become the next internet gambling billionaires after deciding to sell the PokerStars business.

The Scheinbergs, who recently moved the company’s operations to the Isle of Man, are understood to have appointed NM Rothschild, the City merchant bank, to sell or float PokerStars at a price of more than $2 billion (£1.2 billion).

PokerStars is the second-biggest irtual poker operator after PartyGaming, the company behind the PartyPoker.com website, whose four owners pocketed about £1 billion last summer after floating it on the London Stock Exchange with a alue of £4.64 billion.

... "

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