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  • Bingo Online Expansion Is Underway From 888 Ladies Bingo 

    Posted on December 18th, 2008 - Julie @ 10:25 am

    Time and again it has been proved that the growth of online Bingo sites, especially in the territory of UK, has been phenomenal.  Bingo online sites are providing favourable financial results, year after year, and this paves way for their expansion on the one hand and introduction of new sites on the other.  888 Ladies Bingo is a shining example as to how an online Bingo site can be run, profitable to the operators and fulfilling the needs of Bingo players with very good entertainment.  Their last quarter’s financial results were very encouraging with a $12 million revenue and Industry circles were of the view that an expansion of the site is imminent.

    Closely on the heels of this prediction, it has been announced by 888 Ladies Bingo that they are expanding and within the close of the first quarter of January 2009, Bingo players can look forward to the launch of 3 more Bingo networks, 2 in UK and 1 in Spain (the other country where Bingo online site’s growth is next to the United Kingdom, as indicated by survey results).

    It is worth mentioning that 888 Ladies Bingo site was launched in February 2008, as part of the 888 Holdings, owned and operated on behalf of Cashcade, which is also running Cashcade network, Mirror Bingo and Foxy Bingo. 888 Ladies Bingo is a big hit with UK Bingo players, particularly ladies. Cashcade acquisitioned in 2007 the Bingo online sites of Think Bingo, Think Bingo Cosy (renamed from Think Bingo Plus) and Bingo Scotland.  The revenues accrued by 888 Holdings come mainly from Bingo online activities.
    There was talk of a £ 100 Million take over of Cashcade group, backed by Barclays in September and the deal fell apart close to the finalizing stages, owing to the 888 Holdings’ shareholders hesitation.

    The proposed launch of the three new Bingo sites will be run on the Globalcom software, which is presently the one used by some of the top online Bingo sites like – Wink Bingo; Foxy Bingo; Think Bingo; Top Ten Bingo; We Luv Bingo; Think Bingo Cosy; Bingo Scotland; STV Bingo and Mirror Bingo and of course 888 Ladies Bingo.

    Bingo players stand to gain by these networked Bingo online sites, due to the fact that they get higher prize monies by linking up with one another. Bingo Games business is growing online and the year 2009 is going to bring more cheers to all Bingo lovers.















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