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Britain Bingo Operator Moves Into Online Gambling4 November 2001UNITED KINGDOM – Nov. 4, 2001 -- As reported by the (U.K.) Sunday Times: "Gala Group, Britain's leading bingo operator with 170 halls, will announce a deal tomorrow with Michael Green's Carlton to buy its online games site. Gala will acquire Jamba.co.uk in a deal thought to be worth £1.5 million (US$2.2 million) "Jamba was set up three years ago by Carlton Interactive and has become a gaming website with more than 750,000 players. "The site offers 20 games, including quizzes, game shows, bingo and darts, online or through NTL and ITV Active. "Gala, owned by CSFB private equity, has been trying to diversify into other forms of mass-market gambling. In January it was involved in abortive talks to buy the online operation of Firststake.com which would have helped it develop its online bingo. This latest acquisition provides the company with the springboard it has been seeking to get into the online gaming market. "…The site is free to play at present but within months Gala will turn it into `pay-to-play' gambling with fixed odds and eventually an online casino…" |