Bingo.com closes $2.25m private placement from Malta-registered Unibet

Bingo.com Ltd, owner of www.bingo.com, has closed a private placement from Unibet Group plc of $2.25 million, the company said last Thursday.

After issuance, the private placement represents 25.9 per cent of Bingo.com Ltd. These shares were placed with Unibet Group plc, a company incorporated in Malta.

Bingo.com chief executive officer Tarrnie Williams said that with one of the world's leading gaming operators as both an investor and operational partner, Bingo.com will now have the resources to support its brand in a number of emerging online bingo markets.

Unibet has developed an online gaming platform at www.poweredbyunibet.com and offers partners to be part of a bingo and casino network, based on leading software, social media features and all the components needed to offer a turn-key gaming solution.

The Bingo.com group offers multiplayer bingo, slot machines, sweepstakes, and more. With over 1.9 million registered users, www.bingo.com is one of the most recognised and most visited bingo entertainment destinations on the 8nternet.

Unibet was founded in 1997 and is an online gambling company listed on the Nasdaq Nordic Exchange in Stockholm. It is one of the largest privately-owned gambling operators in the European market and provides services in 27 languages through www.unibet.com. Today, Unibet has more than 4.1 million customers in over 100 countries.

Unibet offers a comprehensive range of online gambling products, such as sports betting, live betting, casino, poker, lotteries, bingo and soft games through the group's website.