Eyes IPO for May

3 January 2000, an Israel-based developer and licensor of Internet game technologies, will make its initial public offering on the Tel Aviv Stock Exchange in May, according to Reuters news service.

"The Israeli tax authorities have created excellent conditions for an IPO with the Israeli stock exchange due to its tax-free system," said Adi Tarkay, the founder of The Tel Aviv IPO will strengthen's position for a future Nasdaq offering, he added., a subsidiary of International Casino Network, was founded in 1997. The company additionally has offices in Cyprus and Canada. Its first licensee, Net Casino, will reportedly go live in a matter of days.