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Bingo.com eyes social bingo expansion with new funds

31st March 2014 10:30 am GMT

Online bingo operator Bingo.com has concluded a $0.5m private placement to help finance the continuing development of its Trophy Bingo game.

The company said Monday that it has successfully placed 1.25m common shares with a non-US private company at $0.40 per share, raising net proceeds of $500,000.

The funds will be used to finance the ongoing development of Bingo.com's social bingo product Trophy Bingo, which the company sees as offering greater potential for growth than its existing [...]

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