Online Casino Gambling Group Seeking Buyers
Cashcade has recently announced that it will consider
either publicly listing on the London AIM in the next year, or, interestingly
enough, the company is considering offers of total buy-out. Cashcade has some
unique online casino gambling industry related products and services,
specifically within niche markets. The Cashcade online casino gambling group
owns and runs several bingo, instant win, internet poker, and related gambling
sites – the company is truly a jack-of-all-trades type company. These sites are
all run through several different software providers – from WagerWorks to
Globalcom.
Cashcade founders and management own roughly 32 percent of the company and have
noted that a buy-out from an online casino gambling related company would be
“synergistic” for the company. If Cashcade goes for listing the company
publicly, many in the industry speculate that the company will list for as much
as GBP 100 million.
A few of the online casino gambling Web sites owned by Cashcade include:
Getminted.com and GetmintedMax.com (these sites are instant games sites), and
the FoxyBingo.com site (offering innovative Bingo gaming). And in addition to
owning several gambling related Web sites, Cashcade acts as a management company
for several other popular online casinos and bingo sites: MailBingo.com,
MirrorBingo.com, and MirrorCasino.com. Cashcade also offers marketing services,
online e-wallet services, and even has connections within the fast-growing
mobile gambling industry. |