Foxy Bingo Stake May Be Up For Sale
Posted in Free Bingo News by: admin
Irish company Independent News and Media (INM) is going through a tough time currently, and have revealed publicly a cost cutting plan to help reduce the company’s massive debt pile. Dublin-based, INM own several newspapers including The Independent and Independent on Sunday.
INM also own a 20% share in Cashcade, the parent company of so many favourite online bingo sites including : Foxy Bingo, Mirror Bingo, Think Bingo and Bingo Scotland.
INM are under serious pressure to sell off some of their assets after seeing their share price tumble 95% in two years. Hence, the proposed sale of Cashcade. This announcement will certainly create quite an interest in Cashcade.
When you consider the value of the online bingo market will be worth an estimated $1Billion by 2010. The UK alone has over 8,000 players playing bingo online everyday.
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