Business
Expansion of Bingo Operations
Expansion of Bingo Operations.
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[{"type":"text","content":"\n RNS Number : 0939K 888 Holdings plc 15 December 2008 \n \n15 December 2008\n\n888 Holdings Public Limited Company \n('888' or 'the Company')\n\n888 announces expansion of bingo operations\n\n888 Holdings plc, one of the world's most popular online gaming entertainment companies, today announces a further expansion to its bingo activities in terms of potential revenues and geographic presence.\n\nIn addition to the seven networks currently run by 888 (Foxy Bingo, Mirror Bingo, Cashcade network, Think Bingo, Thinkbingocosy, Bingo Scotland and Wink Bingo), the Company has bolstered its B2B activities through the signing of agreements to launch three new bingo networks for third party companies. Two of these will be focused on the United Kingdom, with the third one being - for the first time - a localised Spanish offering. \n\n888's bingo business also includes the Globalcom network on which 888, in addition to operating its own brands, hosts a number of 'skins', including some of the most prominent bingo sites in the UK.. Progress continues in this area of operations as well, and agreements have been signed to add six new partners to the network. \n\nAll of the above are set to launch in the first quarter of 2009, subject to final regulatory approval. \n\nGigi Levy, CEO of 888, said: \n\n'These agreements and new initiatives represent acceleration in 888's bingo activity, the fastest growing segment in the online gaming industry. They are set to make a significant addition to our bingo business not only in revenues but also in geographic presence. Furthermore, they represent further growth in our fast-expanding B2B business'\n\n<ends>\n\nContacts and enquiries \n888\nGigi Levy Chief Executive Officer +350 200 49 800\nAviad Kobrine Chief Financial Officer +350 200 49 800\n\nBell Pottinger Corporate & Financial ...