Online bingo companies have begun to woo market leader Foxy Bingo, run by online bingo company Cashcade who have been running their Internet bingo site for around 6 years. Party Bingo (part of PartyGaming( and 888ladies (of 888.com fame) are said to be interesetd. 

Cashcade has developed some strong and popular brands such as Getminted.com and Foxy Bingo. The FT claims that both PartyGaming and 888 Holdings were likely to put in bids for FoxyBingo.com, Britain's most visited online bingo website, this week. PaddyPower might also make a bid.

International News & Media, 20% owner of Cashcade needs cash by selling assets assets having last week renegotiated some of their borrowings.