The news that the Bingo.com domain and Bingo.com Ltd’s related European real-money gambling operations have been sold to Unibet is spreading like wildfire. Unibet made the $8 million purchase leaving Bingo.com Ltd to focus on the social gaming market but there is no word on any changes in store for the real money operations.
Bingo.com known for its social product Trophy Bingo.
Bingo.com chief executive Jason Williams said, “The online gambling industry as a whole is experiencing conditions of maturity where smaller firms are finding it increasingly difficult to compete.”
“Bingo.com's European gambling business, built with the www.bingo.com brand and URL, has therefore found it difficult to compete effectively with larger operators.
“In response to these facts, the Bingo.com management team decided it was in the best interests of the company to sell the online gambling business; the associated brand and URL and determined the offer negotiated with Unibet, the company's own online gambling partner and technology provider, was fair and the best offer available to the company for those assets.”
By Glo Wood
Bingo.com known for its social product Trophy Bingo.
Bingo.com chief executive Jason Williams said, “The online gambling industry as a whole is experiencing conditions of maturity where smaller firms are finding it increasingly difficult to compete.”
“Bingo.com's European gambling business, built with the www.bingo.com brand and URL, has therefore found it difficult to compete effectively with larger operators.
“In response to these facts, the Bingo.com management team decided it was in the best interests of the company to sell the online gambling business; the associated brand and URL and determined the offer negotiated with Unibet, the company's own online gambling partner and technology provider, was fair and the best offer available to the company for those assets.”
