888 Holdings to Expand

888 Holdings has some of the most successful online bingo playing sites. The company has just announced their expansion plans for early 2009. They plan to add another three bingo networks.

The company plans for two of the new networks to be in the United Kingdom and one to be in Spain. They are also planning to launch sites for third party operators and that they have plans for six white label partners as additions to the Globalcom network. This makes their March 2007 acquisition worth $32.4 million.

As a result of this, bingo is the fastest growing segment of 888 Holdings. The company earned $12 million in revenues from its bingo operations in the third quarter of 2008. They believe that most of this is due to licensing revenues from its Cashcade business dealings.

There are seven bingo networks that 888 runs for Cashcade. They are Foxy Bingo and Mirror Bingo. Think Bingo, Thinbingocosy, Bingo Scotland and Wink Bingo are run by 888 Holdings but are not a part of Cashcade. 888Ladies is owned and operated by 888 Holdings. This successful site was launched in February 2008.

888 Holdings is looking forward to a successful 2009, which will begin with the launch of the three new networks. They have not indicated their plans for the rest of the year.

888 Holdings to Expand

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