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Uk Bingo Sites Change Hands For Gbp 13.5 Million
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."
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