UK BINGO SITES CHANGE HANDS FOR GBP 13.5 MILLION
10 August 2007
Cashcade Buys OnlineBingo.co.uk and Think Bingo
UK bingo portal OnlineBingo.co.uk along with free bingo
game Bingo4Free has been purchased by Cashcade, the
owner of Foxy Bingo. In a separate move, Cashcade has
also purchased BVI-based Independent Technology
Ventures, owner of ThinkBingo.com, Bingo Scotland and
Think Bingo Plus.
OnlineBingo.co.uk, a major UK site for the game owned by
Herotech closed the deal with Cashcade this week.
In a separate move, Cashcade also purchased British
Virgin Islands-based Independent Technology Ventures -
owners of Think Bingo, Bingo Scotland and Think Bingo
Plus.
Together Cashcade spend GBP 13.5 million on the online
bingo companies.
Commenting on Cashcade's acquisitions, Patrick Southon,
Managing Director of Cashcade, said: "These acquisitions
are an important step forward in our continued growth.
Think Bingo was the UK's first standalone bingo site and
today it remains one of the most established. Together
with Foxy Bingo and the OnlineBingo.co.uk portal, we can
now offer our customers a wider product selection and
position ourselves at the forefront of the emerging
online bingo industry."
Ben Starr, Marketing Manager of the uk bingo portal,
said: "Our online bingo portal aims to give its user
maximum choice and together with Cashcade we hope to
further this goal and cement our position as one of the
leading online bingo gateways in the UK."
Online Casino News courtesy of
InfoPowa
More news here.
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