Online gaming company 888 just agreed to buy Wink Bingo for a price that could reach as high as $96 million. Following a large down payment, the remainder of the price will depend on the site’s performance in coming months. 888 made the purchase to increase their presents in the rapidly-growing online bingo market.
New York Times: 888 Buys Wink Bingo For Up to £60 Mln
Online gaming company 888 just agreed to acquire Wink Bingo from its current owner Daub Ltd for as much as 59.7 million pounds, and said that current trading remains strong and in line with projections.
888 develops new gaming products like bingo to help offset the effect of online gambling becoming illegal in the United States two years ago, which lead to the loss of half of the group’s sales income. Today, bingo is the fastest growing area of its online business.
“We are delighted to announce the Wink Bingo acquisition as an expansion of our B2C online Bingo footprint in the lucrative UK market. The transaction is financially attractive and will be earnings enhancing,” said Gigi Levy, 888′s CEO.
Details suggest 888 will first pay 11 million pounds to Daub on completion, followed by subsequent payments based on performance. Payments are set between five and six times the businesses earnings before interest, tax, depreciation and amortisation in the year to March 31, 2011.
Wink Bingo saw revenue of 15 million pounds with pretax profit of 1.3 million pounds in the 11 months prior to November 30th.
Shares in 888 were up 1.1 percent, trading at 112.8 pence.
domain-b: 888 acquires online game Wink Bingo for $96 million
Gibraltar-based 888 Holdings Plc. Recently agreed to buy Wink Bingo for as much as £60 million ($96 million) in an effort to enhance the company’s presence in the online bingo market, which is the fastest-growing area of the internet gaming industry.
An initial payment of £11 million will be given to Wink’s current owners Daub Ltd., followed by as much as £48.7 million in late 2011 depending on performance. This second payment is capped at £59.7 million.
Wink Bingo arrived with a bang in early 2008, and soon became very well known. Sponsoring popular UK television show’s like Harry Hill’s TV Burp and running amusing adverts like the Dancing Dog helped Wink Bingo increase their player base by more than 60,000 players each month.
With this acquisition, 888 hopes to catch up with bingo competitors Gala Coral, PartyGaming and Gamesys. In July, 888 lost a bidding war with PartyPoker when trying to acquire Cashcade, owner of Foxy Bingo, which also sold for £96 million.
888 reported that trading in this fourth quarter remains strong, showing growth of about 8 per cent over the third quarter of 2009.
London Evening Standard: 888 gets the nod for online bingo business Wink
Online gambling company 888 today dished out £60 million for an internet bingo business that started less than two years ago.
888 will pay Daub Limited, owners of Wink Bingo, as much as £59.7 million for the bingo business, which also includes the brands Posh Bingo and Bingo Fabulous.
The fast-growing industry of internet is very attractive to online gaming firms like 888 and PartyGaming, which are both constantly looking for partnerships.
Wink Bingo was just launched in 2008 but already supports more than 60,000 active members, making it one of the more popular bingo sites on the net.
It saw revenues of £15 million and profits of £1.3 million during the first 11 months of 2009.
888 will pay £11 million up front, with the remainder of the price possibly reaching as high as £59.7 million – this depends on the site’s performance in the next year.
888 chief executive Gigi Levy said: “We are delighted to announce the Wink Bingo acquisition as an expansion of our online bingo footprint in the lucrative UK market.
“The Wink team has a proven track record of excellence and will be a great addition to our growing bingo business.”
Levy also remarked that trading at 888 “remains strong and is in line with management’s expectations”.
A young lady became the grand prize winner of the birthday extravaganza at the always lucky Mecca Bingo.
The young lady beat out a large field of contenders and walked away with an of £57,742.15 calling bingo in just 39 balls at 8.17pm.
Mecca Bingo’s Birthday Booster was just a small part of the month long birthday celebration online bingo prize in honor of one of the most reputable and respected names in both traditional and online bingo.
The Mecca Bingo Birthday Booster Escalator online bingo prize was played for a guaranteed £50,000.
We wish the lucky winner all the best with her online bingo prize and invite our dear readers to try their luck at the always exciting Mecca Bingo!
A leading online bingo portal recently did a study on the average amount of money won by regular users of online bingo sites. The results say that out of all online bingo players, almost 90% have recorded a cash win.
Even more surprising is that out of all these hundreds of thousands of online bingo winners, a full 46% of them have recorded wins of $100 or greater. The numbers do get lower as the prize amount increases, but the results are still encouraging. Of all bingo winners, 17% have experienced wins of $250 to $500, and another 17% have seen single wins greater than $500. Note that the study only recorded individual wins, and didn’t count how much these players have won over their entire online bingo careers.
Larger online bingo are known happen. Many of the top online bingo rooms offer progressive bingo games and coverall games with jackpots in the thousands. The biggest wins at online bingo sites, however, happen on the side games. The current record for the largest single win at an internet bingo room is £1.96 million, won on a progressive jackpot slot called Deal Or No Deal in September 2010 at the popular online bingo site JackpotJoy.
Another massive progressive jackpot slot game paid out big this week. This time it was at one of the internet’s top bingo sites: Mecca Bingo.
Mecca Bingo is a unique site, because it is actually the online version of a chain physical bingo halls in the UK. The lucky winner, who uses the online alias Dudderbear, was at a Mecca Bingo hall in Leeds when a lucrative welcome bonus led her to sign up online. Since then the mother of two has been regular at Mecca Bingo’s online website.
Dudderbear won the €65,625 prize on a progressive jackpot game called Jungle Madness. This wild video slot is filled with jungle critters like monkeys, snakes, and tigers. Its progressive jackpot prize is paid when five tigers appear in the middle payline.
“I just couldn’t believe it when the slot machine demonstrated that I had won,” explained Dudderbear. “Immediately I rushed to my mother who also was speechless. My mother has an injury so she wasn’t able to go wild with me but her calmness had a positive effect on me. I informed my children while my husband is away for his work. I still need to bring him the good news.”
“I plan to spend the money on a new car and on a nice vacation. I already know which car I would love to buy! Surely my colleagues will have more options for spending the windfall.”
Last Sunday, a woman from Wolverhampton (who wishes to remain anonymous) went to the Gala Bingo club at Ashmore Park with some friends to enjoy an evening of fun and games. The night started off with a bang when some of her friends won the house prize of £3,000. Things soon got even more exciting when the lucky lady hit the club’s High 5 jackpot, which paid out an amazing £250,000.
Because the High 5 jackpot is designed to benefit more than just one player, the winner only took home half the prize money. The rest got distributed between all the other players in the bingo club. There were 61 at the time, so each one went home with £2,049.18.
“I am absolutely ecstatic with the win,” said the 76 year old grandmother. “It hasn’t really sunk in yet – when I got home from bingo I just sat staring into space while it hit me! I’m going to spend the money on my kids, my grandchildren and some home improvements.”
Gala Bingo runs 145 clubs across the UK. Since the High 5 jackpot was launched in 2007, it has paid out a total £17,096,890.09.
Gala is also one of the many groups that offer online bingo games in the UK. Dozens of other top online gambling groups provide internet bingo services for UK players. All accept deposits in British Pounds. While jackpots as big as the one won at Gala Bingo over the weekend are not so common online, some of the internet’s top online bingo rooms offer progressive jackpot bingo games and progressive side games that can pay out enormous prizes.
Ann Marie Stubbs got the bingo bonus of a lifetime last week. This Scarborough resident was at home playing online games at Virgin Bingo when she won a big jackpot. Stubbs was so surprised and excited when she realized she had won, that she suddenly found herself ready to give birth!
Stubbs was pregnant while enjoying a game in the . When she went into labour, she announced though the game’s live chat feature, telling the other players that she had to abandon her game and rush off to the hospital.
“Everyone has been fantastic in the Marrakesh room,” she said. “I could not believe my waters broke while I was playing bingo, to say I was shocked was an understatement!”
Within hours, Stubbs had delivered a healthy baby boy: Harley Jay Stubbs, weighing in at 7lbs 1oz. Virgin Bingo was so excited to her about her “double win” that they caught up with her to offer their congratulations by presenting the woman and her new child with a bouquet of flowers.
Internet bingo in the UK is becoming more and more popular, not only with mums-to-be but also with a younger crowd as well. Sites like Virgin Bingo offer non-stop games in a variety of styles, and they use live chat technology to maintain the social aspect of traditional bingo halls. The site offers free bingo games several times a day in their Marrakesh room so new players can try things on for size.
JackpotJoy is an online bingo site, and like most internet bingo sites, they offer a range of side games and mini games for players to enjoy. These side games let players to win some extra money on the side, and can be enjoyed while bingo games are taking place. Since most modern bingo sites automatically fill out player’s cards as numbers are called, side games are a great way to pass the time.
At JackpotJoy, dozens of side games are available. They include slots, casino games like poker and blackjack, video poker machines, and instant games like scratchcards and keno. The most exciting category of bingo side games at JackpotJoy are their Jackpots games.
These side games offer enormous prizes through their progressive jackpot payouts. Progressive jackpot games feature special jackpots that grow and grow as members play them, because a little piece of every bet gets added to the prize. These jackpots don’t pay out very often, but when they do, the payouts are enormous.
Progressive side games at JackpotJoy Bingo include:
• Diamond Bonanza
• Bullion Bonanza
• Deal or No Deal Slot
• Tycoon’s Progressive
• Jacks or Better Progressive
• Caribbean Stud Poker
At the time of writing this, the Deal or No Dealer Slot jackpot is sitting pretty at £1.4 million, and it is growing bigger every second. The game costs as little as 20p to play, which is a very small price to pay for a chance at such a huge jackpot prize.
To get a chance to earn one of these progressive prizes, sign up with JackpotJoy Bingo today. New members get their first deposit doubled up to £100, and existing members get access to dozens of exciting promotions running every month, all year long.
Mecca Bingo, already a name-brand leader in the U.K. and beyond, is sure to become much more popular beginning in July. Mecca Bingo representatives have just announced the imminent launch of a brand new Club Bingo room at Mecca, to be opened on July 1.
The new Club Bingo room will include brand new games like Penny Bingo and Superbooks alongside more traditional games offered by Mecca Casino. “Penny Bingo” lives up to the name, with live games everyday for 1¢ per ticket from 1 p.m. to 2 p.m. Ticket prices go up by 1¢ hourly until 5 p.m. closing time, so hurry in before 4 p.m. and you won’t have to pay a huge 4¢!
The Superbooks game will be open daily from 5 p.m. to 7 p.m. and 9 p.m. to 10 p.m. Players can either play for free or can win 5x to 10x the prizes by paying cash entry.
Present promotions going on at Mecca Bingo include the daily 75-ball game for £1,000 plus their linx Bingo games and the World Cup Chat Challenge: a trivia contest with £550 to be won when CMs periodically ask questions during bingo games – and Mecca promises that absolutely no questions about the World Cup or football will be asked!
Both new and existing players can take advantage of Mecca Bingo’s £5 no deposit offer to play bingo in their extremely popular Britain’s Got Talent-themed game. And new players *must* check out the 100% initial deposit match bonus for up to £50 – one of the bigger UK Bingo bonuses out there!
Recently named one of the top ten online casino and bingo brands in the U.K., Foxy Bingo shows no signs of letting up in terms of either success or popularity. In June, the five-year-old website was able to add to its accolades at the industry’s recent Online Bingo Summit: Foxy Bingo was nominated in the category of “Best Online Bingo Operator for 2010” and won in the “Best Marketing Campaign” award.
Some of Foxy Bingo’s best marketing comes from its promotions of course and this month Foxy seems to be just cranking out the big winners. Last week saw user Itsbetty take £2,500 in the “Tombola Draw” held every Tuesday and Thursday; starting at £500, this payout was the highest yet recorded in the promotion at Foxy Bingo.
And in just one week of the “Pre-Purchase Game,” Foxy Bingo doled out £17,000 in cash prizes plus DVD players and TVs to 31 players, including wins of £30,00 recorded by players Fleapot and Jambojebus92. One other player took home a nice £2,000 prize in the competition and three others won £1,500.
While Foxy Bingo is just five years old, this online bingo site UK has rapidly become known as one of the biggest and best around. Foxy boasts 40 rooms offering nearly every available form of bingo, from 75 ball pattern games to 90 ball coverall tournaments.
Some promotions currently available at Foxy Bingo include the free £20 welcome bonus, a contest for a free wedding cake and £1,000 in cash for the big day, and Monday Super Prize nights with games for as little as 1¢. For an all-around outstanding bingo experience, experts and players appear to agree: Foxy Bingo is your place for fun and winnings!
When playing online bingo, nothing is more frustrating than getting worked up over a nearly-complete bingo card in a blackout game, then watching as another player grabs the prize money right out from under your nose. Now, at Think Bingo, this never has to be a problem again.
A new range of bingo games has just been introduced at Think Bingo called 1TG and 2TG games. The TG stands for “to go”, and it refers to the number of spots left before a player completes their card. If a card has all but one number marked, that’s 1TG, and if there are just two numbers left, that’s 2TG.
The games work like this: When one or more players start getting close to having a full card, an alert goes out, letting everyone know the climax of the game is coming up soon. When somebody finally wins and grabs the game’s guaranteed prize money, any players with “one to go” or even “two to go” will also get paid! This definitely relieves some of the stress that comes with almost winning (or is it barely losing?). It also lets more players walk away from each game with a smile on their face.
Qualifying games will be marked with special 1TG or 2TG symbols outside the bingo room, letting players know when these runner-up prizes will be paid.
Think Bingo is as much about socializing as it is about playing bingo and winning cash. The site’s pink and purple color scheme makes it clear who the target audience is! Have fun meeting new people and enjoying wild chat games while playing non-stop bingo games in any of the site’s game rooms. Sign up today and you’ll receive a 400% bonus on any deposit of £5 or £10!
The rules of this great promotion are easy to follow. Jackpotjoy members just need to enjoy their favorite games at this top bingo site in order to collect flags. Most games count, including all their great online bingo games – only a few casino titles are exempt.
For every £20 a player wagers in a day, they receive one flag. If a player wagers £30 or more in a single day, they get two flags! There are 32 flags to collect, representing the 32 countries that are taking part in the 2010 World Cup in South Africa.
As players collect flags, they match them up with a special chart found on the Jackpotjoy website. The chart is set up sort of like a bingo card, and when players complete rows of flags, they earn cash prizes! The prizes aren’t huge – they range from £1 up to £15 – but if players manage to collect all 32 flags, they will win £50 guaranteed!
It doesn’t stop there – when the players sign up for this promo, they have to choose one country. If they collect all 32 flags, and the country they chose makes it to the final four, they win a share of £20,000! Remember, the cash goes to all the players who chose that country, so picking less obvious choices could lead to more cash in pocket.
Anyone who is not yet a member of Jackpotjoy should definitely consider joining. They run non-stop online bingo games of every variety, and have enough casino games and side games to keep anyone busy for months! Sign up today and grab a 100% welcome bonus up to £100 on your first deposit.
Now that proponents of fair taxation for bingo in Scotland have been elected/reelected into the country’s parliament, the Scottish National Party constituency now awaits a repeal to a proposed tax hike on bingo gaming.
One of the more outspoken proponents of bingo in Scotland was Dundee East MP Stewart Hosie. Hosie, who also serves as the SNP’s spokesperson for the treasury and economy, actually invested the time for his last photo opportunity of the election season to meet with Mecca Bingo players and managers in Nethergate in May.
SNP spent much of the election campaign warning bingo players that Scottish bingo clubs were at risk because of the Labour Party’s proposed budget. Planned for in the budget, SNP candidates said, was an increase from 15% to 22%. Calling the prospective tax hike “unfair,” Hosie at that time said that “Bingo is a highly popular social activity yet is paying 22%, while duty on other forms of gambling including sports betting, online casino and online poker and football pools will remain at 15%.”
And in fact SNP strategy also had party head/First Minister of Scotland Alex Salmond playing the part of bingo caller in a Glasgow bingo parlor in October. Ironically, the winning number in the game Salmond drew was 74, the number of years Labour had held the parliament seat of the district in which Salmond was calling. “You can’t fight fate,” he joked. (SNP’s candidate David Kerr ended up losing anyway.)
In 2009, a House of Commons study showed that three million people in Great Britain played bingo regularly. In that fiscal year, 1.42 billion was played on bingo games in real-life bingo halls alone and 69.8 million was raised in taxes for the British government. The Scottish market accounts for about 20% of the overall British numbers.
In honor of the season-ending episode of the reality TV performance show “Britain’s Got Talent” (and in honor of the “football widow” left abandoned for the telly at the pub by her husband), Mecca Bingo this week launched their “Mecca’s Got Talent Club Finals” promotion, an interesting contest with a cash prize of £3,000 and a booked performance date at Wembley Stadium in May.
Through Friday, any British citizen can upload his or her “Britain’s Got Talent”-style video to the Mecca Bingo Facebook fan page. After reviewing all submissions, two entrants will join Mecca’s eight club finalists to perform in the finals on September 4th. The show will be hosted by Scottish TV personality Lorraine Kelly and the winner receives the £3,000 grand prize and the performance at Wembley in May 2011.
Hundreds of submissions have already been entered into the contest and Mecca gaming director Angus Nisbet has stated that “many Mecca players have already shown amazing degrees of talent.”
Incidentally, Mecca Bingo reminds that a second promotion is running specifically for football widows: The “Chat Challenge” trivia contest with £550 to be won when CMs periodically ask questions during bingo games. The perk for this audience: “Those of you who are fed up with hearing about the World Cup will be pleased to know that none of this bingo site’s questions are football-related but are questions about countries all over the world,” says PR material for the event.
Finally, on Saturday, June 19th, a Chester-based bingo hall has announced the Mecca Bingo-sponsored “Blooming Great Tea Party” to raise money for the Marie Curie Cancer Cure; naturally, bingo games will be on offer.
All proceeds from the event will go toward assistance for homecare for the terminally ill in Britain. Mecca Bingo has set itself a goal of £200,000 to be raised for Marie Curie Cancer Cure and other charitable organizations.
A player known as “Milllane” was playing Progressive Snow Queen’s Magic, a slot game installed at Virgin Bingo. On 10p stakes, Milllane managed to line up five Snow Queen symbols for a massive £55,000 on a single spin.
Ironically, Milllane had been a regular player at Virgin Bingo, but recently had been away from the online bingo room for two years. On a whim, she decided to visit her old favorite again last Sunday to come away with the five-figure prize money.
Though Milllane took a goodly amount of money out of the online progressive slot, she was only playing for 10p per payline and the total sum is only paid out to a player at the £1 bet level. As of this writing, over £496,000 is in the jackpot coffers right now.
When asked what she would be doing with her winnings, Milllane stated that “I think some of my winnings will be [for] going on holiday and getting a new kitchen fitted!”
Since its establishment in 2004, Virgin Games has now served over 1,000,000 players. The custom-built Virgin Games platform, including Virgin Bingo and Virgin Casino powered by WagerWorks and Cryptologic software among others, was established in 2008.
Join Virgin Bingo while the World Cup is going on to play free bingo games while a match is being played in the World Cup Free Bingo promotion!
In contrast to many other types of online gambling, Internet bingo is inherently a social game in which the chitchatting is an integral part of the gaming experience. If you play bingo online, you’ll also be meeting new people and making friends. Therefore it’s important to consider a few unwritten rules expected of fellow bingo players. Six simple suggestions for dos and don’ts for Bingo chitchat might be the following.
• Do your research. Many a webpage or forum topic is devoted solely to bingo chat rooms. Why? Because even a bingo website with the best possible promotions and tournaments running 24/7 means nothing without a friendly and lively chatroom. Also important to look for in doing research are free chatroom games – an essential to keep players interested and enthused.
• Don’t bother with the free bingo sites. While free bingo sounds fun, these sites are overwhelmingly poorly run, have inferior customer/technical support and attract few people who actually stay regulars, an essential feature of a fun bingo website. And the chatrooms at such websites reflect this.
• Do be polite. Please. Virtual society is still society, after all, so please apply the golden rule. Of course, some unintentional stepping on people’s toes will happen in a suitably international and multicultural bingo room. In general, the same rules of polite conversation apply and therefore it’s best to stay away from controversial subject matter. One thing that can be emphatically stated is the following.
• Don’t brag about your wins. This is really a turnoff in terms of bingo chit chat and can inspire serious bad feelings, even accusations. These in turn tie in with…
• Don’t complain about players winning. It sounds bad and it’s silly if you think about it. There are nowhere “house players” and it is seemingly impossible for anyone to cheat at online bingo. Please remember that it’s all about luck and there are no bingo conspiracies.
• Do learn some lingo. If you want to chitchat, chitchat in cool fashion by learning some online bingo lingo. Most of these are actually Internet-like acronym terms, but in addition to LOL are some specific “words” like “1tg,” which means “one number to go until I hit bingo.” Then there’s BLNT for “better luck next time” and POOF for “I have left the chat.” And fellow bingo players are referred to as “Roomies.”
The next time you chat while playing online bingo, remember your bingo etiquette and you’ll have even more fun. So have a great time, GL2U and TTFN!
Some people are quick to stereotype the demographic of players who enjoy online bingo in the UK, but is there any truth in the common perception that most internet bingo players are middle-aged housewives, staying their days playing bingo and winning money with their friends?
A BBC news article from December 2008 reports that the average UK housewife spends an astonishing 47% of her time on the internet, a figure that beats students (39%) and even the unemployed (32%). Much of this time was probably spent socializing at networking sites like Facebook, or playing games like online bingo.
These figures helps to establish the fact that housewives spend a lot of their free time online, and there is no doubt that many stay-at-home mums enjoy playing internet bingo games. After all, online bingo in the UK is an intensely social activity, with chat rooms available during all games letting players make friends all over the world, so it’s a great way for women to stay in touch when they can’t leave the house. But what do these statistics tell us about the reality of the sterotype – the one that says the average online bingo player is a middle-aged housewife?
According to a premium report published by Mintel Market Research in early 2009, the stereotype might have been true at one point in the past, but the picture is definitely beginning to change. The report states that online bingo is shifting towards a younger audience, with 20% of all players now coming from the 18 to 24 age group. The 18 to 45 age bracket accounts for 62% of all bingo players, which means that a full 42% of online bingo players are aged 24 to 45, but times are definitely changing.
There are more than three million active bingo players in the UK – a testament to the popularity of this online pastime. The variety of online bingo services available to players is growing every day. Look here to read reviews of some of the best UK online bingo bonuses, and to find links to help you see for yourself why this form of internet gaming is so incredibly popular.
The following is an overview of the top-rated brands for online casino games and online bingo in the UK. Often, one site will offer both services under one account, which is a good deal for players who are interested in variety.
It’s almost as old as the internet, and it’s one of the most well-known brands in the online gambling world. They run a very solid Cryptologic casino with over 200 games available. Bonuses are strong ($225 for new players) and a VIP club treats strong players to extra benefits.
Spin Palace Casino
This is the flagship casino of the Spin Palace Group of online gambling sites. It is also one of the most complete Microgamign casinos on the net, with more than 400 different games available in the download suite. Look for regular tournaments on both blackjack and slots at this great site.
This is another huge Microgaming casino, and this one is particularly famous for its excellent Club Rouge loyalty program, a great comps system that gives a little back on every wager. As an added bonus, UK players will recognize Patsy Kinset as the dealer’s voice (she played Sadie King on Emmerdale).
All Slots Casino
This Microgamign site supports over 400 games and runs great slots and blackjack tournaments. The casino is tied in with several others in the Jackpot Factory group through a networked loyalty program that benefits players by letting them spend their points at any participating casino.
The Virgin brand is notorious in the UK, and their online casino lives up to it. It is 100% instant play, so there is nothing to download or install. Hundreds of games and great promotions keep players busy all year long. Earn bonus points and trade them for store vouchers, airline miles, and more.
While this site is just five years old, it is one of the biggest and best around. Inside, 40 rooms offer just about every imaginable form of bingo, from zany 75 ball pattern games to intense 90 ball coveralls. A free £20 welcome bonus helps new players try out a few games on the house.
Jackpot Joy Bingo
Fifteen styles of bingo fill the halls of this great site. Many games are only found here, like their Family Fortune Team Bingo that is modeled after the popular television game show. Join now for a 100% deposit match, and then jump in on some progressive bingo games to win massive prizes.
This is a bubbly pink site with a fun and playful atmosphere, but that doesn’t mean they’re not serious about bingo. With both 75 ball and 90 ball games offering jackpots as high as £10,000 the money here just never stops flowing. Grab £15 free when signing up, and get 10% cashback for life.
The Virgin brand was already mentioned as a great casino site, but they run a tremendous bingo site as well. Enjoy 75, 90, and even unique 80 ball games, plus great chat rooms, non-stop promos, and weekly cashback bonuses. Players can even sign in using their Virgin Casino accounts.
Every new player at Mecca Bingo starts off getting a 100% deposit match bonus up to £50, and that’s only the beginning. Daily specials give players lots of ways to win, while several rooms packed with non-stop games means there is always something happening. They even have Deal or No Deal bingo games!
These ten sites represent the best of the best in the world of online gambling in the UK. They are all industry leaders, and they do a good job of demonstrating the immense creativity that can be found in online gambling sites. Of course, these sites are just the crème of the crop, and there are quite a few more excellent casinos and bingo sites that cater to players in the UK.
At the end of the day, players can either give in to advertising and stick with just one brand because it’s always on the tele, or they can take some time to explore what is available, and decide for themselves which online gambling site best fits their style. What type of player are you?
The online gaming software giant Playtech has purchased the internet bingo company Virtue Fusion in a deal worth up to £36 million. Virtue Fusion currently supplies more than 20 groups with online bingo services. The deal is expected to push Playtech to the forefront of the international online bingo industry.
Reuters UK: Playtech buys online bingo firm Virtue Fashion
The internet gambling software giant Playtech just acquired the online bingo company Virtue Fashion in a deal worth up to £36 million. Playtech aims strengthen its presence in the international bingo market.
Playtech will make an initial payment of £29 million pounds in cash, with an additional performance-based payment of up to £7 million in early 2011.
The company says that bingo is one of the fastest growing facets of the online gambling world, and that the the deal will provide them with cross-selling opportunities.
Virtue Fashion currently has more than 20 licensees, including well known brands like as William Hill, Ladbrokes and Paddy Power. They saw a turnover of £12.3 million in 2009.
Playtech’s shares have lifted 21% in the last three months. Shares were up 2.1% to 477 pence after the merger was announced, valuing the company at about £1.15 billion.
London Evening Standard: Bingo king Al Haig sells Virtue to Playtech for £29m
Land-based bingo halls in the UK might be struggling, but millions of pounds are pouring through online versions of the game, where bingo is one of the online gaming industry’s fastest growing markets.
Internet bingo entrepreneur Al Haig recently became £25 million richer after selling his Virtue Fusion bingo business to Playtech for an upfront cost of £29 million, with more cash to follow if the business does well.
Virtue Fusion creates online bingo platforms for household names such as Ladbrokes and Sky. Playtech also works in the online gaming business, putting together software for internet casinos, mobile phones and TVs. Virtue Fusion had turnover of £12 million and saw a profit of £3.8 million last year.
Bob McCulloch, Virtual Fusion’s chief executive, is also expecting a pay-out from the deal, and intends to stay with the business for at least two years.
Playtech’s chief executive, Mor Weizer, said the acquisition will make his company a leading player in the international bingo market.
Proactive Investors UK: Playtech snaps up online bingo developer Virtue Fusion for £29 million
Online gaming software company Playtech is acquiring Virtue Fusion, a developer and licensor of internet bingo products, for an initial price of £29 million in cash, up to a potential £36 million depending on the performance of Virtue Fusion in 2010.
Playtech said the acquisition will transform it into a global leader in online bingo market, complementing its current position in the internet poker and casino industries. The deal is also expected to be earnings accretive in 2010, and will generate “additional cross-selling opportunities”.
In 2009, Virtue Fusion generated £12.3 million in revenues and adjusted EBITDA of £3.8 million, marking a significant increase compared to 2008 revenues of £8.1 million and adjusted EBITDA of £2.3 million in 2008. Playtech is paying a premium price to gain a firm position in the bingo sector, which according to the company is one of the fastest growing online gaming segments.
Virtue Fusion typically sees more than 6,000 concurrent players on their platform. They licence their online bingo products to more than 20 groups, including Paddy Power, Vigrin and William Hill.
“For Playtech, the acquisition significantly enhances its own bingo offering, brings new licensees and enhances its relationships with a number of existing licensees. It also positions Playtech as the leading supplier in all of the key product segments in the online gaming industry, with very substantial liquidity in each of its player networks,” Playtech stated this morning.
“As with poker, network player liquidity is an important element for bingo operators. By linking the operator’s bingo rooms across the network, Virtue Fusion can facilitate more frequent games being offered and higher prize values and jackpots for the same individual stake. Both Playtech and Virtue Fusion’s existing licensees will therefore enjoy the benefits of increased liquidity when their networks are combined.”