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  1. 23 July 2009, 9:42 am #1
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    The Buzz
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    Default PartyGaming acquires Cashcade

    Buzzy linked to a story a few days ago about 888 not acquiring Cashcade, the owner of Foxy Bingo.

    Well, one of the worst kept secrets in the industry was made public this morning, as PartyGaming announced the acquisition of Cashcade.

    PartyGaming acquired the online bingo operator £71.9 million.

    From Gaming Intelligence:

    Commenting on the today’s announcement, PartyGaming CEO Jim Ryan said that the acquisition of Cashcade was in line with the company’s M&A objective of acquiring businesses that can propel Party to the top three position in each of the four product verticals in which it operates; namely poker, casino, sports betting and bingo.

    "Cashcade provides us with an excellent platform to build a meaningful share of the $1.5 billion global online bingo market,” said Ryan.
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  2. 27 July 2009, 5:42 am #2
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    Default Update

    and here's what they're planning to do with it: http://www.egrmagazine.com/news/indu...cade-buy.thtml
    Jon Parker,
    editor, EGRmagazine.com
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