LAS VEGAS, Jan. 13, 2010 (GLOBE NEWSWIRE) -- The $96 million dollar agreement by 888.com to acquire Wink Bingo should turn heads in the rapidly growing Internet gaming market. According to published reports, 888.com paid roughly $1,600 per player for Wink's 60,000 members and operations.
Certainly, this news is welcomed by other emerging gaming players, especially those with strong footholds in the gaming sector like Intelimax Media Inc's (OTCBB:IXMD), Gamboozle, which boasts nearly 100,000 registered members in their gaming community. Intelimax recently announced that they would begin converting members into a monthly recurring subscription model but the Wink Bingo news presents another interesting way to value Intelimax and its online poker playing member base. A hundred thousand members is a huge customer base and it will be intriguing to see conversions into the paid subscription model and what similar gaming sales post at on a per user basis should more merger and acquisition activity occur near term.
These events occur as Gamboozle looks to broaden its footprint further with a franchise-like white label initiative announced this morning. Per the release, Intelimax/Gamboozle have partnered with an organization that intends to utilize Gamboozle's poker portals to generate income via a 'cause related' marketing strategy that will use online poker as a charitable fundraising tool.
It's an alliance that both parties believe will drive revenue. and playing members. With the glittering valuation paid for Wink Bingo's players, Gamboozle might be wise to add to that massive player base they've built already.
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Intelimax Media Inc. is an Internet media company focusing on Internet content, sales, advertising, publishing and search. Simply, the company creates revenue through the monetization of Internet traffic. Intelimax creates web properties in sectors that are being underserviced.
For a corporate presentation of Intelimax, click here.
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