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Bloomberg says Bingo is Booming

The Bloomberg business news service had encouraging news for online bingo operators this week, reporting that giant, publicly listed gambling companies William Hill, PartyGaming and 888 Holdings expect sales from Internet bingo to increase in Europe.
 
Revenue from online bingo will rise more than 20 percent both this year and next, totaling about $1.3 billion by the end of 2009 and $1.6 billion in 2010, the research company H2 Gambling Capital, confirmed.
 
The online version of bingo has proven more resilient than other kinds of gaming as the worst recession since World War II restrains consumer spending, H2 director Simon Holliday told Bloomberg, explaining that bingo is “the least mature” area of Internet gambling. 

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Online bingo is in such an early growth phase that any recessionary impacts are outweighed by its newness,” Holliday said. “This is often supply-driven demand. It relates to availability and how heavily things are marketed.”
 
A William Hill spokesman said net revenue for online bingo and “skill” games like backgammon rose 50 percent in the first half of this (2009) year. The London-based company, which will soon be relocating its online operations to Gibraltar, expects bingo gross sales, which include players’ winnings, to grow 50 percent in 2010 from GBP150 million this year, spokesman David Hood said.
 
Ladbrokes reported a 30 percent increase in online bingo revenue but declined to comment on its revenue forecasts for Internet bingo.
 
Gibraltar-based 888, expects to generate close to $100 million in annual revenue from bingo “in a few years,” up from about $40 million today, CEO Gigi Levy said earlier this (August) month.
 
“Online bingo should not be smaller than online poker” in five years, Levy said. He predicted “about 50 to 100 percent a year growth” for bingo in countries like Italy and Spain as the game becomes more popular.
 
Global revenue from online poker, less players’ winnings, will probably reach $3.9 billion this year compared with $3.5 billion in 2008, according to figures from Isle of Man-based Global Betting and Gaming Consultants.
 
Meanwhile, live U.K. bingo club revenues will probably fall 17 percent to GBP 2 billion this year, hurt by the economic slump, an indoor smoking ban, and a tax increase introduced in April, according to a study by consultants Mintel International Group Ltd. published in April this year.
 
Bloomberg observes that the growth of online bingo has spurred expansion and consolidation in the gaming industry.
 
In July, PartyGaming acquired bingo provider Cashcade for over GBP 95.9 million. Time Warner Inc.’s AOL UK and Microsoft Corp.’s MSN UK have also launched online bingo sites in the past year.
 
“They’re all moving heavily into online bingo," Wyn Ellis, an analyst at Numis Securities Ltd. in London, told the news agency. “It really has been an area of very significant growth, particularly in the U.K.”
 
Female players are a major factor in the continued expansion of online bingo, with a growing demographic of female, 25 to 45-year-old players.
 
About 70 percent of registrants on Cashcade’s large U.K. sites are females with the most aged between 25 and 45, Simon Collins, chief operating officer for PartyGaming’s Cashcade bingo division, said.
 
The reach of online bingo partly depends on “the breakdown of broadband internet usage,” which is higher among younger players, said Greg Johnson, an analyst at Shore Capital Group plc in Liverpool.



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Keimo Suominen Wins MPNPT Tallinn 2017 Main Event - Finnish online qualifier Keimo Suominen has taken the mantle of MPNPT Tallinn Champion from last year’s winner Ranno Sootla, winning €45,200 after a heads up deal with Davis Modans. They’d outlasted a field of 534; the total prize pool reached €258,990 – well over its €150,000 guarantee.

Foxium chooses Microgaming’s Quickfire platform - Game developer Foxium is integrating with the Quickfire platform via an exclusive deal.

14 Left in MPNPT Tallinn Main Event - All 14 players who have made it to the end of Day 2 in the MPN Poker Tour Tallinn Main Event can now consider themselves to have officially run deep.

Day 2 of the MPNPT Tallinn Main Event - Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

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