888 gets green light to buy Wink Bingo

Online gaming firm 888 today announced plans to buy internet rival Wink Bingo for up to around £60m (€67.1m) as it looks to step up its UK presence in the sector.

Pacific Poker owner 888 said the deal would see it pay Wink’s current owners, Daub, a base price of £11m (€12.3m), plus a sum based on earnings in the year to March 2011, with the total capped at £59.7m (€66.8m).