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888 is E X PA N D I N G

18.06.2010

The Bingo Industry is always awash with changes and 888 seem to be one of a number of operators who lead the way. Recent news has it that 888 has agreed to buy a number of assets from Real Dice Inc as it attempts to enter the arena of social games. The dealis expected to come with a price tag in the region of $18 million, with further amounts decided by the profit of 2011 but will be capped at $30 million.

As a result of this move, 888 will gain the Mytopia social games development studio, extending 888 many opportunities for their future. The development studio’s speciality is in developing cross-platform games of a social nature for mobiles, smartphones and of course social networking sites including Facebook.

The deal also gives 888 take a number of games under its wing including Bingo Island 2, an application currently running on Facebook, plus a successful social poker application and an application for the iPhone and Blackberry in addition to a number of other handsets. There are a handful of other assets on the table including technology for a platform operating real-time social games in addition to a software licence for Particle Code.

Despite the assets making a loss for the period ending December 31st 2009, the future value expected to be garnered through the opportunites they present teamed with 888’s expertise are considered to be sizeable and therefore the move is being met with anticipation on both sides.

To see what's happening at 888Ladiesclick here or 888 Bingo click here.
  
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