888 Holdings proceeds with IPO despite PartyGaming\’s plunge

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The company behind 888.com, the world\’s largest internet casino, said its float plans were unchanged as it has had “very positive feedback” from investors during the roadshows.

“In respect to our competition in the market place we have a very different business model,” said the company\’s Chief Executive, John Anderson, commenting on PartyGaming\’s warning of slowing growth.

“Clearly it will need to get priced to go,” said analyst Greg Feehely of Altium Securities.

“There clearly could well be a sentiment impact. It may well have a bearing on price but shouldn\’t ultimately have an impact on the success of the IPO,” he added.