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Costa Bingo Growing Quick

12/26/09 - The online bingo information portal BingoPort.co.uk reports that a new online bingo site launched in July 2009 has made remarkable progress, overtaking well established sites like Foxy Bingo and even Wink Bingo (a major site recently sold to 888.com for almost GBP60 million)

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The independently owned Costa Bingo now rivals the busiest site on the 888/Dragonfish Internet bingo network, Cheeky Bingo, reflecting the ascendency of the free online bingo business strategy in the UK this year, the information portal reports.
 
Costa Bingo has so far averaged daily player numbers of 1 408 (December 2009 stats) ahead of the 900 recorded for Cashcade’s Foxy Bingo, and just behind the 1 608 boasted by Cashcade’s free-play offering Cheeky Bingo.
 
BingoPort managing director and co-founder Scott Logan said: “This is testament to the effectiveness of Costa’s free online bingo rooms.  But that said, Cheeky Bingo still holds the number one position on the Dragonfish Network."
 
A spokesman for another bingo information portal, Simon Smiley of FreeBingoHunter.com, confirmed the BingoPort assessment and  commented: “Costa's emphasis on tailoring rewards and benefits to different types of players has worked well for them. It will be interesting to see if Costa or Cheeky can put more daylight between themselves and their rival over the next few months.” 
 
Richard Skelhorn, chief executive at Costa Bingo said: “We are confident in our product offering and [in our strategy of] encouraging players to try our free bingo experience before making the decision to deposit with us.”
 
Even the competition has been complimentary; Cashcade's Simon Collins remarked that Costa had done well, using the free bingo strategy to bring in players and describing it as “...the revolution of this year, which has driven a lot of the user adoption and growth."
 
“Costa have added a lot of innovation on the social media side, which we have tried to emulate," Collins added. "But too much free-play will impact your net profit. It is difficult to forecast how much sites are making without seeing promotional schedules, cash-backs and redeposit values being put into the system.”

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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