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Casino Beacon > Online Casinos > New Casino Bonuses > Bonus Archive 23 December 2009 888's Acquisition Of Wink Online Bingo 888 has announced that it has acquired the assets comprising Wink Online Bingo from Daub Limited. The transaction marks a further expansion of 888's B2C emerging offering segment. The segment grew by 99% during the first three quarters of 2009. Wink Bingo runs several Online Bingo networks including Wink Bingo, Posh Bingo and Bingo Fabulous. The network is operated on the Dragonfish bingo infrastructure. Wink Bingo was launched in early 2008, and now has over 60,000 active players in October 2009, making it one of the most popular sites for online bingo. During the 11 month period ended 30 November 2009, Wink Bingo had revenue of £15 million and profit before tax of £1.3 million. As at 30 November 2009 Wink Bingo and its subsidiaries had gross assets of £1.6 million. Gigi Levy, CEO of 888 Holdings, said: "We are delighted to announce the Wink Bingo acquisition as an expansion of our B2C online bingo footprint in the lucrative UK market. The Wink team has a proven track record of excellence in marketing, CRM and execution and will be a great addition to our growing bingo business. In addition the transaction is financially attractive and will be earnings enhancing." |
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