Poker.co.uk

Poker Info
DATE: May 26 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Thursday 21st February 2008

CashCade Could Go Public

According to speculation from numerous business press sources, UK online gambling group Cashcade Ltd is considering a $200 million public listing within the next year.

There are also rumours that Cashcade may be prepared to consider buy-out offers from competitors or private equity firms with the company’s Chairman, Michael Buckley, characterising a reported deal with either International Game Technology or 888.com as being ‘synergistic with us’.

“I think it's the right time for us to be looking at one of those options,'' said Buckley.

“We are on a bit of a roll, which makes it attractive.”

Cashcade owns the GetMinted.com online casino as well as the FoxyBingo.com bingo website and provides managed Internet gambling services for various clients including Trinity Mirror’s MirrorBingo.com and MirrorCasino.com along with the Daily Mail’s MailBingo.com.

Its casino and poker brands use WagerWorks software and games while its bingo websites use Globalcom, a company recently acquired by 888.com. The company also developed its own gaming platform, which powers instant win games site GetMintedMax.com, with additional development covering games for mobile telephones and digital television.

Cashcade management including founders Simon Collins and Patrick Southon owns 32 percent of the company, which also serves as a marketing organisation with over 30 websites.

�

Source: OnlineCasinoNews

View Similar Stories
Devilfish To Go Public
Online Casino Guide Welcomes another Casino Group
Online sports gambling goes live at cybersportsbook.com
BetandWin to present to a group of investors in Austria
Yosemite Sam Strikes Online Gold at 49erCasino.com

Discuss this story in the Poker Forum. Last 5 Posts:
Saturday 26^th May, 2012: WSOP Fantasy Draft 2012
Saturday 26^th May, 2012: New Bap - Day 3
Saturday 26^th May, 2012: Party Poker and William Hill (iPoker) BAP
Saturday 26^th May, 2012: Brag Thread! Post your greatest wins (online or live) here.
Friday 25^th May, 2012: One way poker Swapsies

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.