Online bingo is getting more and more popular within the online gambling world and bingo sites are now appearing at all places as there has been a very good response for them. 

Bingo.com has decided to expand its base of operations outside the United Kingdom. The site has just closed a private placement of 2 million common shares at $.30 per share. It is trying to raise money to begin their expansion operations. The shares were placed by the company with non U.S. residents under Regulation S exemptions.

Tarrnie Williams, CEO of the site said, “The money we have got after the private placement will be used to fund our expansion.” Speaking about the expansion he said, “We will be launching a Spanish version of our website and will allow players to deposit money in different currencies.”

The move to expand has come at a good time for the site. The number of players wanting to play online bingo is growing, and the number of bingo halls are shrinking as there are stringent laws being brought in.

Going online to play bingo is a good alternative, as in the case of online poker, players can now sit at home and enjoy the game.

This entry was posted on Thursday, May 29th, 2008 at 4:45 pm and is filed under casino gambling, online casino news. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.