With Independent News & Media's online bingo company for sale, a number of prominent online gambling companies are expected to make bids.

"The online games operators Party Gaming and 888 Holdings are among the final bidders for Cashcade, the internet bingo company that is part-owned by Independent News & Media," reported the timesonline.co.uk.

"The two groups are expected to submit bids this week for the owner of several gaming sites including Foxybingo ahead of a deadline for final offers."

According to the Times, Cashcade is expected to be sold for somewhere in the neighborhood of £70-100 million.

But Paddy Power could also offer up a bid as well opine some business analysts.