CashCade Could Go Public
By Staff
According to speculation from numerous business press sources, UK online gambling group Cashcade Ltd is considering a $200 million public listing within the next year.

There are also rumours that Cashcade may be prepared to consider buy-out offers from competitors or private equity firms with the company’s Chairman, Michael Buckley, characterising a reported deal with either International Game Technology or as being ‘synergistic with us’.

“I think it's the right time for us to be looking at one of those options,'' said Buckley.

“We are on a bit of a roll, which makes it attractive.”

Cashcade owns the online casino as well as the bingo website and provides managed Internet gambling services for various clients including Trinity Mirror’s and along with the Daily Mail’s

Its casino and poker brands use WagerWorks software and games while its bingo websites use Globalcom, a company recently acquired by The company also developed its own gaming platform, which powers instant win games site, with additional development covering games for mobile telephones and digital television.

Cashcade management including founders Simon Collins and Patrick Southon owns 32 percent of the company, which also serves as a marketing organisation with over 30 websites.

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