Bingo News

GIBRALTAR - Bingo revenues from Party Bingo, Foxy Bingo, Think Bingo and Cheeky Bingo have remained stable for parent company Party Gaming but their earnings from poker have sharply declined. Quarter-on-quarter player numbers in poker plunged nearly 9 per cent but the company’s performance exceeded market expectations and their shares were up 8 pence at [...]

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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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GIBRALTAR – Party Gaming, the parent company of Foxy Bingo, Think Bingo, Party Bingo, Cheeky Bingo and other top online bingo brands has announced a 4 per cent increase in daily bingo revenues during the first three months of 2010. The rise in bingo revenues helped offset a drop in the company’s poker performance, which [...]

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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 – Party Gaming cemented its position as the dominant player in the UK bingo industry with strong growth in its bingo operations in the first two months of 2010, according to a financial update released this morning. Party’s sites include Foxy Bingo, Think Bingo, Cheeky Bingo, Little Big Bingo and Party Bingo. Daily gross [...]

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Partygaming, one of the biggest online gaming companies in the world and the owner of online bingo sites including Foxy Bingo, Cheeky Bingo and Think Bingo has confirmed the rumours that it is holding talks with other gaming companies, widely known in the gaming industry to be Bwin among others, “regarding potential consolidation opportunities”. Stock [...]

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The results of the prestigious UK Which Bingo Site of the Year 2009 awards has been announced and the top prize has been won by Ladbrokes Bingo. The site, which only finished 18th in the awards in 2008, beat off Mecca Bingo, who finished second, and Wink Bingo in third place. Tombola Bingo finished fourth [...]

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LONDON – The online bingo industry has seen explosive growth in 2009 so what does 2010 hold for bingo players and gaming executives? Bingo News explores the likely trends. 1. Bingo companies will continue to be acquired/merge – One of the final stories of the year was 888′s acquisition of Daub Ltd, owner of Wink [...]

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Party Gaming’s December trading update, released this morning, said the company was experiencing “solid current trading” and “sequential revenue growth for all product verticals”, including its bingo acquisition Cashcade. Cashcade’s bingo brands include Cheeky Bingo, Think Bingo, Cheeky Bingo and Bingo Scotland. Jim Ryan, chief executive of Party Gaming, said: “”Bingo continues to show substantial [...]

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Party Gaming published their third quarter results and the impact of their acquisition of online bingo giant Cashcade is immediately obvious. Cashcade owns Foxy Bingo, Cheeky Bingo, Think Bingo, Little Big Bingo and Bingo Scotland and also runs white label bingo sites, with the biggest client being Mirror Bingo. In the three months to 30 [...]

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Bingo companies feature prominently in the Power 50 rankings compiled by leading gambling industry magazine eGaming Review. Party Gaming, parent company of Party Gaming and the new owner of Cashcade, who run Foxy Bingo, Cheeky Bingo, Little Big Bingo, Think Bingo and Bingo Scotland, was highest on the list at no 2. Six of the [...]

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Foxy Bingo has risked alienating its hundreds of affiliate partners by sharply cutting the payments made to them for referring new customers to their websites. Affiliates were told today that from 1st October all affiliates will be on a flat 25% revenue share deal. The email seemed to suggest that the deal was a ‘take [...]

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888.com’s half yearly results had hardly any mention of bingo, probably because they didn’t want to draw too much attention to the fact their largest bingo licensee had been sold to their main competitor. The disappointing results saw profits fall 43 per cent in the first half of 2009. Pre tax profits fell in the [...]

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Revenues at Party Bingo dropped from $2.5 million in the first six months of 2008 to $1.7 million in the same period in 2009 but the company is not worried by the fall. Earnings from bingo rose to $0.2 million, up from a loss of $0.1 million in the same period in 2008 but all [...]

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Paddy Power Bingo is providing great growth to the Irish gambling company, at a time when the company has suffered from a run of bad sporting results. Issuing a half yearly report, Paddy Power plc said that their bingo operations were a bright spot that had made up for the poor perfomance of poker. “This [...]

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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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New online bingo site Little Big Bingo has released four TV ads to promote their low cost bingo offers. The TV ads feature one pence coins and only last 10 seconds. They will be running on TV channels across the UK throughout August and September. Little Big Bingo is the latest online bingo site from [...]

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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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Cashcade, the parent company of Foxy Bingo, Think Bingo, Bingo Scotland, Cheeky Bingo and Little Big Bingo, has been sold to Party Gaming. Party Gaming will pay an upfront cash payment of £71.9 million and up to £24 million in earn out payments dependent on the company’s future growth. Cashcade made £12.2 million in profit [...]

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An announcement that Party Gaming is buying Cashcade, the parent company of Foxy Bingo, Cheeky Bingo, Bingo Scotland and Think Bingo, is expected within days. A source close to the deal told Bingo News that they were “days away” from completing the deal and that while the management teams had agreed the terms of the [...]

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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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Mecca Bingo’s plan to focus their online bingo marketing on pay per click and search engine optimisation strategies has left rival operators amazed. In an interview with eGaming Review, Mecca Bingo boss Angus Nisbet said that free bingo and spending huge amounts on TV advertising was not going to be a strategy they would aim [...]

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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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Questions are being raised about who leaked news of Cashcade’s potential takeover to The Sunday Times. The owners of Foxy Bingo, Think Bingo, Bingo Scotland and Cheeky Bingo are on the market for a price tag of between £70 million and £100 million, Business journalist Matthew Goodman, who writes extensively about the gambling industry for [...]

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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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Independent News and Media are in an “advanced stage” of talks to sell their stake in online bingo operator Cashcade, according to a report in The Guardian. Cashcade owns Foxy Bingo, Think Bingo, Think Bingo Cosy and Cheeky Bingo and also run Mirror Bingo on behalf of publishing giant Trinity Mirror. INM will publish results [...]

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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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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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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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The dates for Bullet Business’ 4th Annual Bingo Summit have been announced; the conference will be held on June 16 and 17, 2009 at the Millennium Gloucester Hotel, London. The event will also see the 2nd Annual Online Bingo Industry Awards on the evening of June 16. Speakers already lined up include: Mark Blandford, CEO, [...]

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Now that Google has started taking advertising from online bingo companies, we thought at Bingo News we would look at which bingo keyword search terms Google say has the most traffic. We will endeavour to keep an up-to-date monthly tally of the top search terms and the estimated number of searches on Google for each [...]

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The 2008 UK Bingo CM of the Year Awards have been announced and Gone Bingo has picked up the title – narrowly beating the CM team of Crown Bingo. The award was voted for by roomies who play online bingo every day and is considered one of the most important bingo awards to be won. [...]

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The votes for Which Bingo’s Site of the Year award have been announced and the winner is Jackpot Joy. In a very close vote they just edged out Platinum Play Bingo and Crown Bingo. In the new site of the year award Bingo Playground took top spot, followed by Tombola Bingo and Wink Bingo. The [...]

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Gala Coral, the parent company of Gala Bingo, has launched a secondary site called Minxy Bingo. The surprise move is a marked departure from Gala’s previous bingo strategy and will surprise gaming commentators. Minxy Bingo was launched just before Christmas with no press announcements and little fanfare. programme. Minxy Bingo is operating on Virtue Fusion [...]

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888 Holdings’ bingo network will launch two new networks in the UK and one in Spain in the first three months of 2009. Gigi Levy, chief executive of 888, said that 888 would be launching the sites on behalf of third party operators. He also said that six white label partners would be joining the [...]

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With Christmas approaching it is also time for the annual awards season and nominations are now open for some of the most important awards in bingo. With bingo becoming more and more popular, there seem to be more awards than ever before this year. First up is Which Bingo’s Online Bingo Site of the Year [...]

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