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Good news for Bingo.com

Date: May 16, 2008 | Category: Online Bingo News |

Popular online bingo hall Bingo.com is set to return to profitability after posting quarter-on-quarter revenue growth of 18 per cent.

Revenues have reached $1.34 million for the first quarter of 2008 and increases in the number of players at the site have contributed, with gaming revenues up 21 per cent to $1.26 million.

The site has focussed on the UK market this year but CEO Tarrnie Williams insists the site will be pushed towards other markets as it moves back towards profitablility.

He told the Gaming Intelligence Group: "The first quarter of 2008 was another strong quarter of growth for Bingo.com. We've increased our revenue, decreased our costs, and further entrenched Bingo.com as a premier gaming operator in the United Kingdom market.

“Bingo.com has added thousands of new real-money players in the quarter and the popularity of our gaming suite is growing rapidly within the UK bingo community."

He added: "Our strategy remains focused on leveraging the strength of the Bingo.com URL in the UK as we prepare for the launch of Bingo.com in other markets and other languages. While many challenges remain, Bingo.com is in an excellent position to return to profitability.”

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