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Bingo.com raises further funds to drive Trophy Bingo growth

1st October 2014 6:30 am GMT

Online bingo operator Bingo.com, part-owned by Sweden's Unibet, has raised net proceeds of $700,000 following the closing of a private placement of its shares.

The company placed 1m of its common shares at $0.70 per share with a non-US private company. The funds raised will “finance the ongoing development and marketing of Trophy Bingo,” according to Bingo.com CEO Jason Williams.

“Trophy Bingo is a patent-pending social bingo product that is currently available worldwide on Android devices and [...]

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