|Bingo.com has announced that it has purchased the cash bingo web sites www.winabingo.com and www.groovybingo.com.|
Bingo.com has completed an asset purchase of these sites which includes the player cash deposits, URLs, and player databases for a sum to be determined by the number of active players in the database and the amount of revenue they generate for the company over the next 12 months. Active players from these sites will immediately have their accounts credited in the Bingo.com system and begin playing in the Bingo.com cash games.
'The acquisition of Winabingo and Groovy Bingo is another important step in Bingo.com's development as a online cash bingo business,' commented Tarrnie Williams, the Company's CEO. 'Bingo.com is completely focused on growing our active database of cash players through all available means including marketing and cash bingo website acquisition.'