Online Casino Group Purchase Deal Makes Full House
By Miriam H
Leading online casino group 888 Holdings has announced that it will buy out the online bingo business of Globalcom Limited for up to $43.4 million in cash.

The deal is expected to make a positive impact on the company’s revenues in the immediate future. 888 has agreed to pay $32.4 million, minus the amounts payable to customers, over a period of a year, following the conclusion of the deal.

The remaining $11 million is performance related depending on the success of the company which includes sites such as and

'Bingo will be a valuable addition to our entertainment services, which we expect to provide excellent cross-selling opportunities,' Chief Executive Gigi Levy said in a statement.

The Internet Bingo industry has seen a boom in recent years with hundreds of sites operating in the UK alone.

Online Casino provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.