GIBRALTAR - The performance of 888′s bingo business was a bright spot in an otherwise poor performance in the first six months of 2010. 888 operate Wink Bingo, Posh Bingo and 888 Bingo as well as providing the bingo software for well known online bingo brands such as Foxy Bingo, Cheeky Bingo and UK Bingo. [...]
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The chief executive of Dragonfish, 888′s business-to-business arm, has left the business to pursue his own personal projects. Dragonfish is the bingo software provider to major online bingo brands such as Foxy Bingo, UK Bingo, Think Bingo and Wink Bingo. Gabi Campos will be replaced by 888 chief executive Gigi Levy until a replacement is [...]
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GIBRALTAR - The performance of 888′s bingo operation was the only bright spot as the company issued a profits warning this morning. 888 said that it had “revised its outlook for the remainder of the year and now expects profit to be significantly lower than previous market expectations”. Shares in the company plunged 20% in [...]
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LONDON – 888, the operator of 888Ladies and Wink Bingo and software provider to Foxy Bingo, Think Bingo, Cheeky Bingo and many more bingo sites, said that second quarter revenues has been disappointing. A stock exchange announcement said that “Q2 Trading to date has been disappointing in casino, poker and bingo…during the first 25 days [...]
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GIBRALTAR – Foxy Bingo and the other bingo brands operated by Cashcade will stay on Globalcom software for at least another two years, it was announced this morning. Globalcom, which is part of 888′s Dragonfish business-to-business operations, said that they were delighted to have held on to the contract for Foxy Bingo, Think Bingo, Bingo [...]
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LONDON - 888, who acquired Wink Bingo at the end of 2009, has announced that their latest bingo offering is already contributing well to the group's revenue and profit in 2010. 888 have also said that growth at the end of 2009 was driven by the highly popular 888 Ladies bingo site.
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Online gaming giant 888 has bought Wink Bingo for an initial cash payment of £11 million and may pay as much as £59.7 million in total, depending on the future growth of the business. Wink Bingo’s brands include Wink Bingo, Posh Bingo and Bingo Fabulous and they are one of the dominant operators on 888′s [...]
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Six companies have been shortlisted for the Bingo Operator of the Year Award in the 2010 eGaming Review sponsored event. The shortlisted companies are Cashcade (Foxy Bingo), Gamesys (Jackpot Joy Bingo), Ladbrokes Bingo, Spacebar Media (Wink Bingo), Tombola and William Hill Bingo. Two of the shortlisted sites run on Virtue Fusion software (Ladbrokes Bingo and [...]
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Darren Sims, one of the main bingo experts at 888′s Dragonfish white label business, has left the company. Sims, who was appointed 888′s Vice President of Bingo Offering, has joined Wink Bingo’s parent company, Space Bar Media. The move is a blow to 888 and Dragonfish as Sims was one of the key people at [...]
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The sale of Cashcade to Party Gaming is neither “dramatically positive or dramatically negative”, Gigi Levy, the chief executive of 888 told financial analysts this morning. On a conference call to discuss 888′s second quarter performance metrics, Levy was asked in detail about why he had not bought Cashcade, the parent company of Foxy Bingo, [...]
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City analysts have welcome PartyGaming’s purchase of online bingo specialist Cashcade, the parent company of Foxy Bingo, Think Bingo, Bingo Scotland and Cheeky Bingo. Shares in PartyGaming rose sharply from 233 pence before the announcement to 250 pence at close of business, a 7.3 per cent rise. City analysts said that the deal was good [...]
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Bingo News’ editorial team analyses the reasons behind Party Gaming’s £94.9 million purchase of Cashcade, operator of Foxy Bingo, Bingo Scotland, Cheeky Bingo, Think Bingo and Little Big Bingo. Cashcade has been up for sale for the past two years. Finally, a deal has been completed with Party Gaming paying £71.9 million up front and [...]
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Gigi Levy, the chief executive of 888.com, has said that he will not be buying Cashcade, the parent company of Foxy Bingo, Think Bingo, Cheeky Bingo, Bingo Scotland and Little Big Bingo. Levy told eGaming Review that although they have the bank facilities in place to fund an acquisition, other rival gaming companies were willing [...]
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Cashcade, the parent company of Foxy Bingo, Think Bingo and Cheeky Bingo, have launched a new bingo site called Little Big Bingo. The site’s concept is that it allows players to turn pennies into pounds and the company’s marketing strategy is to aim it between Foxy Bingo and Cheeky Bingo. All games will be priced [...]
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Virgin Bingo have announced they will be switching to Virtue Fusion’s platform on May 20. The move had been widely predicted in the bingo industry and will be a blow to St Minver, who currently run Virgin Bingo. Virgin Bingo said the move was part of a strategic review of their online gambling operations and [...]
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A new bingo site has been launched for the Spanish market called ElCartonazo. The site, whose name translates as ‘bingo ticket’ (el carton is a bingo ticket in Spanish), is run by Daub Ltd, who are responsible for Wink Bingo, Posh Bingo and Bingo Fabulous in the UK. It runs on 888′s Globalcom platform, which [...]
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888 are not planning to buy Foxy Bingo’s parent company, Cashcade, according to an interview by 888′s chief executive. According to eGaming Review, Cashcade is in talks about a sale of the company at between £70m and £100m and the sale process is being handled by investment bank Jefferies. 888 was rumoured to be the [...]
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ITV Bingo will close down on May 3, according to an email sent to their customers. Current players will be able to play at Party Bingo using their existing user name and password. The move marks an abrupt ending to the relationship between ITV and Party Bingo, who lanched Bingo NIght Live in a hail [...]
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Top Ten Bingo has outlined plans to delist from the AIM market of the London Stock Exchange as part of a restructuring to ensure its financial future. Top Ten Holdings plc said the company “continued to be in breach of its banking covenants and, given its level of bank borrowings and the current economic environment, it is unlikely to [...]
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Foxy Bingo has been named Britain’s biggest brand by Marketing magazine. The trade journal monitors the spend and reach of all major UK brands and for the week of 23 March to 28 March 2008 Foxy Bingo was named Britain’s No 1 brand, beating brands like The Co-Operative Bank, Walkers Crisps, the NSPCC and Pizza [...]
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888 Ladies said it was enjoying strong growth in its bingo business but did not release detailed numbers about the site’s performance. They said they would however be launching a global bingo network in the coming months with the hoping of replicating their success in the UK in other territories. Parent company 888.com lumps bingo [...]
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Littlewoods Bingo today announced its annual results and said they had increased profitability in 2008 by 150%, making a total of £500,000 profit. Registered customers at Littlewoods Bingo grew by 67% to 205,000 and active players grew by 42% to 18,500. Littlewoods Bingo launched in 2007 with St Minver and is the main site on [...]
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Ukash have announced that they now have 44 sites that take UKash payments which means that online bingo players can deposit cash straight into their online bingo accounts. UKash take cash payments at over 275,000 outlets worldwide and players can then state where they would like their money to be uploaded to fund their online [...]
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888Ladies parent company 888.com made little mention of bingo in their quarterly trading update, released yesterday. The only mention of bingo was positive, with chief executive Gigi Levy saying: “Trading in January 2009 has begun positively compared to December 2008, especially in Casino, Poker, Bingo and Live Dealer. Specifically, new customer recruitment increased more than [...]
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New free bingo site Cheeky Bingo will launch on Monday next week, it was announced today. Cheeky Bingo is the latest bingo site from Cashcade, owners of Foxy Bingo, Think Bingo, Think Bingo Cosy and Bingo Scotland. The site launch is being backed by a TV advertising campaign, which will air from February 9th. The [...]
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The parent company of Littlewoods Bingo has launched a secondary brand called Game On Bingo. Game On Bingo runs on Globalcom software provided by 888.com and is a break away from Littlewoods’ relationship with St Minver. It will raise questions about whether Littlewoods Bingo is considering breaking away from the St Minver platform in the [...]
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A 20% stake in Foxy Bingo may be up for sale after one of its investors said they were looking to sell assets. Independent News & Media plc, Ireland’s largest publisher and the owner of the Independent newspaper in the UK, said that it was looking to offload non-core assets to meet a €200 million [...]
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