888 acquires Globalcom's online bingo business for $32.4m in cash

By Bookmakers Review31 March 2007
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 888 acquires Globalcom's online bingo business for $32.4m in cash

Globalcom is a privately owned company registered in Belize, which operates under a license from Kahnawake a network of 45 online bingo sites and provides bingo solutions to third party sites such as Cashcade. In 2006, the company generated a turnover of $11.3 million and a net profit of $5.6 million, with the majority of customers from the UK.