Talks were going on as to which company will acquire cashcade and the top two bidders were 888.com and Party Gaming plc , but at the end Party Gaming clinched it from 888.com

Cashcade company owns very famous brands such as Foxybingo, Getminted and other famous portals. Now all these major brands will run under Party gaming’s empire.

The company, Cashcade was created in the year 2000 and has grown steadily since. The majority of firm’s shares are owned by the staff and it’s directors. In 2008 the company delivered exceptional value for the investment with a GBP 12 million return on estimated revenues of GBP 45 million.

Party has been trying to acquire some big reputed online gambling firms in order to pace up their revenues and come back strong against rivals, poker stars and full tilt and party is doing so.

The UK times reported that Party Gaming acquired cashcade for whooping 100 million pounds which will help them in their expansion plan.