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Party Gaming and 888 Fight Over Buying Cashcade

Reports in The Times over the weekend confirm rumours that both Party Gaming and 888 are among the final bidders for Internet bingo company Cashcade, which owns FoxyBingo and GetMinted among other websites. The company achieved gross gaming revenues of GBP 45 million last year, generating EBITDA of GBP 12.3 million.
 
Part-owned (some 17 percent) by Independent News and Media, the online bingo company is expected to fetch between GBP 70 million and GBP 100 million, providing a valuable lifeline to Independent News, which last week secured a standstill agreement with its lenders, and a massive windfall for the group’s directors and staff, who own around half the shares, reports The Times.
 
There is apparently at least one other major bidder for Cashcade, with analysts speculating that it could be Paddy Power.
 
Jim Ryan, the CEO of Party Gaming, said last month that the company was considering a number of possible acquisition targets, and there have been persistent rumours that the group is involved in negotiations with Everest Poker owner GigaMedia in Taiwan.
 
888 execs have been equally consistent in statements indicating that the Gibraltar-based company was on the acquisition trail with the wherewithal to snap up targets where and when available.



Gambling News :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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