PokerStars, the second-largest poker network, is expected to officially announce its long-awaited move to the Isle of Man next week.
The firm is currently based in Costa Rica, but has been negotiating redomiciling in the Isle of Man since late last year.
But it is now believed to have finally obtained an egaming licence after agreeing final terms with the regulators.
Its move to the Isle of Man comes after the domicile dropped its restrictions on accepting US casino and poker bets in January this year.
And it is sure to re-start talk about whether it is looking to pursue a listing on the London Stock Exchange.
PokerStars is known to be recruiting for an Isle of Man-based chief executive, and the move to become financial markets-friendly is seen by many as part of a long-term exit strategy.
The firm, which has around 10% market share in the poker sector, is believed to be owned by private Israeli investors.
Two rival poker firms, PartyGaming and Empire Online, are both expected to list in June.
Sweden-based Ongame, owner of Pokerroom, is also widely believed to be evaluating a listing.
The move will also raise PokerStars profile in Europe, which has been targeted as a growth area for the firm as it looks to grow beyond its core US user base.
PokerStars is the headline sponsor of the European Poker Tour, and has launched a major above-the-line campaign in the UK.
source : egr magazine
