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BINGO.COM earnings Decline
But marketing could save the day
Operating on a domain name like bingo.com should almost ensure success in the bingo sector, but the experience of the operator of this domain in recent times has been less than impressive.
According to its third quarter results just released, Bingo.com Ltd sustained a 93 percent decline year-on-year in net revenues to $97,509. In August, the firm revealed a 76 percent year-on-year decline in net revenues to $368,932 for its second quarter and stated last week that the firm’s most recent results represented a 72 percent quarter-on-quarter decrease in overall earnings.
The company showed a net loss of $245,507 for the third quarter of 2010 (Q3/2009: $390,432) and net gaming revenues for the third quarter of $82,745, which it stated was a 94 percent year-on-year decrease from just over $1.38 million for the same period in 2009 and a drop of 75 percent from the previous three-month period where it reported $333,115.
Management reports that it has instituted cost saving measures and is hopeful that a marketing drive will restore its fortunes.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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