Bingo.com reveals healthy profits in 2008

Bingo.com boasts an impressive 1.7 million members and is one of the leading online bingo operators that we have seen to date. Theirs is a globally established site aimed primarily at the US market, although they appear to have recently turned their attentions to the rapidly expanding UK online bingo market.

Offering a wide range of side games and slots in addition to 75, 80 and 90 ball bingo games, their online bingo site encompasses a generously proportioned and active chat community and round the clock customer services.

After appearing encounter some financial complications in 2007, they recently revealed impressive financial results for the 2nd quarter of 2008 of just over $1.4million in revenue, which was a notable 5% increase of revenue for the 1st quarter of the year.

The CEO was quoted as saying:-

Despite not yet acquiring licensing status enabling us to advertise in the UK, we acquired thousands of new real-money players, increased our revenues, decreased our net loss, and further developed the entertainment available at Bingo.com. We remain focused on launching Bingo.com into new markets and enhancing the product offering of games at our Web site as we finalize obtaining a tier one gaming license, expected in the fourth quarter of this year. . The gaming traffic to Bingo.com remains stronger than ever ….

21st August 2008