Online Casino BTDino

The blog for the online casino btdino contest

Thursday, October 06, 2005

Empire online

LONDON (SHARECAST) - Empire Online made a steady start in first dealings on Aim this morning despite its float being overshadowed by the pricing of industry giant PartyGaming.

Shares in Empire climbed to 187.5p from a float price of 175p, valuing it at £549m and making it one of the largest companies on Aim.

Empire placed 70.6m shares at 175p, raising £123.5m gross which it will use to build on its existing customer base of 144,000 poker and 266,000 online casino players. Empire's business is to direct new custsomers to third pary operated sites such as empirepoker.com, which is run by PartyGaming.

Rambler Media, another new Aim debutant, also made a steady start. Shares in the the Russia-based media group jumped from a placing price of $10.25.