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Cashcade Buys Up Sites

Though it couldn’t be called a free-for-all, the online casino bingo portal Cashcade has acquired some of the top internet bingo sites on the Web just this past week. Cashcade has an positive and established reputation in the industry and the addition of these new online casinos bingo sites will only add to the choices Cashcade offers its customers. With the purchase of one bingo portal and a company with three established internet bingo sites, Cashcade announced it has now shelled out nearly GBP 13.5 million for the new online bingo sites.

The two companies acquired are separate deals for Cashcade. By purchasing Independent Technology Ventures (ITV), one of the first online casino bingo sites in the UK, Cashcade is working toward domination of the internet bingo industry. ITV owns three online casino bingo sites, Bingo Scotland, Think Bongo Plus, and the largest of the sites ThinkBingo.com. The Managin Director at Cashcade commented on the ThinkBingo.com acquisition, “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."

Foxy Bingo was an online casino bingo site already owned by Cashcade, and OnlineBingo.co.uk is an established internet bingo portal. All parties involved, Cashcade and the acquired companies are getting a great deal, says the Marketing Manager at OnlineBingo.co.uk, Ben Starr, “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."