The social mobile gaming outfit Storm8 has just passed go – but will probably collect more than $200 - after unveiling its new F2P title, Monopoly Bingo!

The development comes after Storm8 forged its first IP licensing agreement with Hasbro, the US producer of Monopoly and many more games including Mouse Trap, Cranium and Bop It.

Storm8 CEO Perry Tam hinted that this could be the first in a long line of board game reinventions in the mobile space, saying "We couldn't have asked for a better way to begin our foray into licensing world-class brands than with one of the most successful brands in gaming, and we expect this to lay the foundation for many more opportunities for Storm8."

New start

Putting a spotlight on the Monopoly Bingo!, which will be released under Storm8's Shark Party label, depending on the version downloaded players will be able to travel through themed rooms based on iconic board properties like Illinois Avenue in the US and Mayfair in the UK.

The game will bring the Monopoly experience to life with 3D art and animated effects, an auto-daub feature that automatically marks numbers, and unique boosts and rewards to increase players' chances of winning.

It taps into two rich markets, the first being the multi-billion dollar social casino gaming industry and the second being bingo fans.

Storm8 currently boasts some of the world's top social casino games in its portfolio of more than 40 games, alongside casual titles like Farm Story 2 and Candy Blast Mania.

Monopoly Bingo! now joins those ranks, and is available now on iOS with an Android launch date penciled in for January 2015.