Shareholder Bingo.com sells 13.5% of it’s shares
One of the most important shareholders, Praetorian, has announced that they will ell 13.5% of their shares to ‘foreign buyers.’ Bingo.com and Praetorian have both decided to part ways on economical grounds. Chief Executive Officer of Bingo.com, Tarrnie Williams, thanks Praetorian for their help by building and developing Bingo.com into a successful company.
‘Of course we would like to stay shareholders of Bingo.com,’ says Harris Kupperman, director of Praetorian Capital Management LLC in a statement to the press. ‘Timing and the motivation behind this decision has to do with tax regulations.’ Bingo.com has currently almost 2 million players and is part of the Unibet partner program.