WBN currently operates the largest network of online bingo sites but has so far concentrated on the market in the US.
Nevertheless, Derek Morran, operations director for WBN, believes the organisation's "total package will quickly make the new network the largest European bingo network".
A number of licences will be available in advance of the launch which is anticipated to go ahead in January next year.
"Cash bingo and free bingo are the first two products in our drive to create an integrated community product based on fun and entertainment," explained Adi Tarkay, business development director at WBN.
"We are working hard to develop additional games and features that will set us apart from all our competition."
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