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BINGO.COM ON THE UPTURN?

Monday  November 14, 2011 :  Unibet partner program a good bet
 
The tide appears to be turning for Bingo.com, who joined the Unibet International Limited Partner Program last year, as the company announced a 327 percent increase in total revenue in its third quarter 2011 results compared to the same period last year.

A changing of the guard took place with the promotion of Jason Williams to president and chief executive officer replacing his father Tarnie Williams who continues as chairman of the company and an extensive company restructure completed in June 2011.
 
Key performance indicators for the third quarter period ending September 30, 2011 include:
 
-     Second consecutive profitable quarter;
 
-     Net income of $15 158 reflecting a 78 percent increase (Q2/201: $8 520);
 
-     An increase of 15 percent in total revenue amounting to $416 732 compared to quarter two 2011 (Q2/2011: $363 492) and an increase of 327 percent over the same period last year (Q3/2010: $97509);
 
-     Gaming revenue was $398 803, an increase of 13 percent compared to revenue of $352 413 in the second quarter of 2011, and an increase of 382 percent compared to $82745 in the third quarter of 2010.
 
"Bingo.com has increased revenue and profits in the third quarter of 2011", said Jason Williams, chief executive officer, Bingo.com.
 
"We continue to build on the success of our restructuring program and marketing efforts. Despite the challenging summer months and a significant negative effect from currency fluctuations due to the strengthening of the United States Dollar, our reporting currency, Bingo.com has performed well.
 
"The benefits of Bingo.com's participation in the Unibet partner program are now being realized with gaming revenues increasing by 382 percent when compared with the same quarter in 2010. Leveraging the multi-language and multi-currency features of the Unibet platform, Bingo.com's European expansion is proving successful with several markets now contributing significant portions of our revenue.
 
"Player acquisitions and gaming activity on Bingo.com remain high and we hope to continue our success with further marketing investments in the fourth quarter."

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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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