PartyGaming, the world's leading online poker site, announced details of its forthcoming flotation in London. The company, based in Gibraltar, is valued at around £4.8 billion ($8.6 billion), about £1 billion less than most recent estimates. Maybe 90% of PartyGaming's customers are based in the United States, where the legal status of online gambling is unclear.
cofounder and biggest shareholder (40%?) is an indian software guy. chief of marketing is also an indian, both i think 1990's grads from iit delhi.