December 22, 2009 (CAP Newswire) – As reported at the CAP PR Wire, international online gambling superstar 888 has announced that it is acquiring popular online bingo site Wink Bingo from Daub Ltd “for up to 59.7 million pounds”, according to the New York Times.
“888 has developed new gaming products such as bingo to help offset the impact of losing half of its sales income when online gambling was made illegal in the United States two years ago,” the Times article reports. “Bingo is now the fastest growing area of its business.”
That syncs up with the industry in general, as other sites like PartyGaming move into bingo to help shore up losses from what has been a difficult revenue season. Online bingo is fast becoming the strongest sector in online gambling, particularly in Europe.
Read the original news release here. Read the New York Times story here.