Online gaming portal manager Gaming Transactions, Inc. announced that it has entered into discussions with vendors regarding the licensing and acquisition of online bingo games. The licensing and acquisition of new bingo games is part of an effort to widen the game suite for Keno.com, Gaming Transactions' flagship gaming portal.

Although online bingo's $800 million a year in revenue pales in comparison to online poker's billions, growth of the interment bingo market has been pegged at approximately 400% a year. It looks like gaming Transactions wants to strike the market while it's hot.

In a company press release, CEO of Gaming Transactions Patrick Smyth commented, "The decision to further increase the number of available games has been prompted both by the terrific customer response to our keno games and by the forecasts of continued growth in the online gaming industry. Bingo is the largest and most socially accepted method of gambling throughout the world and is a great fit with our Keno games."