Israeli online gambling operator valued at $37.5 million

Tel Aviv-based PrincessNet online gambling operator is raising $7.5 million from the U.S. fund MET in exchange for 20 percent stake in PrincessNet, reported. The deal will bring PrincessNet”s market value to $37.5 million. Founded in 1997 by Adi Tarkay, PrincessNet operates a network of online casinos. To date, a total of $1.7 million … [Read more…]