13-02-2008 Cashcade looking for a buyer or a possible IPO

Michael Buckley, Chairman of the internet bingo and casino operator, told the Telegraph: "Within the next 12 months we will be looking to monetize the shareholder value in the company in one way or another. I would be disappointed if it would be worth less than £100m."

Earlier today Buckley told Bloomberg News: "We are on a bit of a roll, which makes it attractive."

London-based Cashcade owns UK bingo website Foxybingo, online casino Getminted and recently bought the Think Bingo and Bingo Scotland web sites.