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Online Casino Software Firms Hit it Big |
| Have you ever wondered how much the online casino industry is worth? The best way to find out how much money those who started out in the business have made thus far is to see the value of their stocks. Playtech is considered to be one of the leading online casino software providers around. Those who were at Playtech from the establishment of the online casino and helped the software group become what it is today are swimming in the millions. But what about those that decided to leave when they thought they were already ahead of the game? Freddi Robinson was one of the owners of Playtech and four years ago he decided to sell his shares of the business. The online casino industry, although not losing money at that point, was not the big player it is today. Upon selling his Playtech stocks in 2002, Mr. Robinson made $3.9 million. And although many of you would think that $4 million is a wonderful return on your initial investment, it is a mere percentage of what he could have gotten today, only 4 years later. If you are wondering what the price tag on his stocks is in today’s market, all you have to know that he would have made close to 10 times more money. Freddi’s online casino software stock is currently worth $30 million and once Playtech goes for its IPO on the London Stock Exchange the company will be worth close to a billion! But don’t feel bad for the man, he has decided to go back into the online casino industry and is currently in the process of signing agreements with a Cyprus based online casino software firm in hopes of starting a new group of online casinos. |
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