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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."
Gambling News :
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.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
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