Bingo.com LTD sells 25.9% to Unibet for $2.25 Million

European facing and Malta licensed online gaming giant Unibet; hosting gaming family of popular online bingo site Maria Bingo has announced to have closed a private placement with Bingo.com Ltd holding company of the generic bingo  domain bingo.com worth $2.25 million for 25.9% of bingo.com. The news come to follow with the announcement made earlier this year that bingo.com would be switching networks as it would be migrating from Malta licensed Cozy Gaming hosting company of the Best Bingo Network and 3 others which amongst other host popular online bingo sites gonebingo.co.uk and harrysbingo.co.uk.

“Bingo.com is pleased to have secured a private placement from Unibet,” said Tarrnie Williams, Bingo.com’s CEO. The generic domain name and a strong liquid gaming network are just some of the contributing factors which are assuring that bingo.com will further more succeed on its new home. On the other hand Unibet CEO Petter Nylander announced that he is pleased with the deal as he very much believes that the generic URL (domain bingo.com) in addition to the wide acceptance and increasing popularity of bingo on the internet nowadays called “online bingo”, “bingo online” or “internet bingo” will be contributing factors to the ever growing success of bingo.com under its new idendity.

Online Gaming News, May 2010