The former operations director of Cashcade, Noel Rowse, has replaced Patrick Southon as the MD of Cashcade the company behind online bingo brands such as Foxy Bingo and Think Bingo. Cashcade is one of the biggest players in the online bingo market and was acquired by PartyGaming in July 2009. Rowse was part of the founding team at Cashcade 10 years ago and his wife Saira is reported as being the one that came up with Foxy Bingo name.

Patrick Southon and Simon Collins are to start up an egaming venture capital fund with the backing of PartyGaming. A PartyGaming spokesman commented:

“Simon and Patrick are working in association with us to establish a fund aimed at spotting new opportunities in digital entertainment, with relevance to our existing business verticals, of sports, bingo, casino and poker. Simon and Patrick are going back to their true entrepreneurial roots, to when they started Cashcade,” said the spokesman.

It is not known when the new project will be established.

About PartyGaming

PartyGaming is the world's leading listed online gaming business. The Group offers a variety of games through an integrated Party-branded platform and through a number of secondary brands and alliances with blue chip companies. Through our unique operating platform, adults can tune in to a broad range of games, using multiple languages, multiple-currency options and with the tools to ensure they have fun and play within their means.

The company listed on the London Stock Exchange in June 2005. Regulated and licensed by the Government of Gibraltar, the Group has around 1,300 employees located in the head office and operations centre in Gibraltar, a business process outsourcing operation in India, and a marketing services subsidiary and multi-lingual customer service operations in Europe. The Group has customers throughout the world. PartyGaming does not accept wagers or deposits for real money games from customers located in the US.