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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.
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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