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Gone in a Wink

Wink Bingo is now folding into the huge 888 Holdings online casino gambling group according to a finalized agreement between the two companies. Wink Bingo is a successful UK internet bingo gambling site that has really found a strong market over the past couple of years. Currently, Wink Bingo is owned by Daub Ltd, but according to the deal the 888 online casino gambling group has agreed to acquire this division of Daub for roughly US $96 million once all of the staggered payments are made. This new deal is right in line with what we’ve been seeing a lot of in the gambling industry lately. As the recession fears multiplied over the past year, many online casinos and smaller gambling groups have been more willing to consider acquisitions and mergers as a way to weather out the storm and stay in business.

888 Holdings is one of the huge online casino gambling groups operating in the international market. The gambling group has a lot of resources and has stayed profitable and successful throughout the global recession – which has put this popular gambling group in the ideal position to now acquire the successful Wink Bingo gaming site. According to the CEO of 888 Holdings, this Wink Bingo acquisition is perfectly aligned with 888’s key goals and expansion strategies – develop more UK targeted online casinos and bingo sites.

Wink Bingo will be a very strong future asset for the 888 Holdings online casino gambling group. The bingo gambling site already has a good deal of brand recognition in the market and all of this brand equity will now enhance and augment the 888 brand in the UK market.