Cashcade’s rapid growth of 84% a year, from £2.2m in 2004 to £7.6m in 2006, is mainly due to FoxyBingo.com. The online bingo game was launched only two years ago, but already has 300,000 users. Another hit has been the casino game Getminted.com. Some 20% of Cashcade’s turnover comes from operating gaming websites for third parties such as newspaper publishers; it is behind MirrorBingo.com and MirrorCasino.com, for example. In February last year, the newspaper group Independent News & Media paid £3.9m for a 20% stake in the London firm, which is chaired by Michael Buckley.
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