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The popular Costa Bingo room has been sold off, along with the remaining sister bingo sites in the group. We are of course talking about the recent deal that sees the sale of all Mandalay Media sites to Intertain.
The Intertain Group have signed a deal to take over Costa Bingo, Fancy Bingo, and the recently launched Rio Bingo. This sale of bingo sites has been agreed for an initial payment of £45 Million in cash.
This is not the first sale of online bingo sites to the Canadian gambling group. It does though signal the direction that Intertain is looking to take in the UK Bingo market.
The Online Gaming group is closely associated with Amaya also run Inter Bingo and will be looking to move their current bingo offering to the new bingo platform.
Online Bingo Sites Sold Recently
Other major bingo room sales include the sale of Foxy Bingo to Bwin Party and Wink Bingo to 888 Holdings. All of these sales occurred on Dragonfish Bingo powered rooms.
Although these bingo rooms make use of the same bingo software, they are not part of the Dragonfish bingo network. They are stand-alone rooms which mean they set their own bonuses and promotions.
Costa Bingo has recently run a massive advertising campaign featuring Mel B in a giant format around London.
Costa Bingo Costs £45 Million Upfront
The sale of the bingo network also seems to include the Casino Choice Affiliate portal as well as the Ignite Affiliate Management part of the bingo business.
Apart from the first payment of £45 Million for the business, an extra fee of up to £15 Million is payable dependent on the future performance of the business. No details of the sale agreement have been released.
It does, however, illustrate the popularity of the game of online bingo in the United Kingdom and the fact that regulating and taxing bingo games is the way to go.Whatever way you look at it, this is going to Costa lot of money.
Costa Bingo has been a name in online bingo for well over a decade, it was one of the very first big online bingo brands to break through alongside the likes of Foxy Bingo.
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Costa Bingo operates on the giant 888 UK limited license, based in Gibraltar. This company has far too many brands to list them all, but the main Costa Bingo sister sites include 777.com, Bingo Hollywood, Bingo Street and Wink Bingo. Costa Bingo white label sister sites includes City Bingo, Live Bingo, Moon Bingo, Costa Games and hundreds more. You can see all the brands on this license on the UKGC page here
Costa Bingo Sister Sites Games
Costa Games Casino established in 2015 is owned by Cassava Enterprises Ltd. Casinos and licenced by Gibraltar Regulatory Authority and UK Gambling Commission. The game providers of Costa Games Casino include Barcrest Games, Dragonfish (Random Logic), NetEnt and WMS. Games are designed as instant-play format on desktop or mobile devices. Players personal details are protected by secure socket layer encryption software. All games on the site have been fully proven fair by UKGC standards to ensure a fair result.
Players can make a deposit by using Euros or US dollars in Costa Games Casino, the most common deposit methods include Entropay, Maestro, MasterCard, Mobile bill, PayPal, PaysafeCard, Ukash and Visa. Withdrawal methods consist of Bank Wire Transfer, Cheque, Entropay, Maestro, MasterCard and Mobile bill. The withdrawal processing time for E Wallets is 48 to 72 hours, 5 days for Credit / Debit Cards, 4 to 7 days for Bank Transfers, 7 to 15 days for cheques, withdrawal will pending 48 to 72 hours. There is a withdrawal limit of 3000 GBP per month.
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Costa Games Casino offer their website in English. Players from Denmark, United States, France, Gibraltar, Israel and some other restricted countries and Territories are restricted from registering and placing any real money bets at this casino, Costa Games Casino reserves the right to deny or close accounts from these regions with high fraud risk. Players can ask for support service via email support@costagames.com or phone +44 203 478 2618.