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Positive Earnings For Bingo.com

Thursday July 25,2013 : BACK IN THE BLACK AT BINGO.COM
 
Q2 profit is small but promising
 
After years of battling, online bingo operator Bingo.com had some positive news for investors this week, releasing Q2-2013 results that show a return to profit of $10,449 following a rise of 41 percent year-on-year in revenues to $491,259.
 
It will be a welcome change; the Anguilla-based firm posted a loss of $471,189 for the first three months of 2013, and the ink was all in red for a negative $28,908 in Q2-2012.
 
The company will have to watch its costs going forward: operating costs before interest and depreciation expenses rose by 28 percent year-on-year to $479,963, and sales and marketing expenses soared 61 percent over Q2-2012 to $303,239.
 
Nevertheless, chief executive officer Jason Williams was clearly relieved by the return to black ink, noting:
 
“We are very pleased with our return to profitability. With an increased focus on retention and monetisation of the players we acquired in the first quarter, we were able to secure a small profit despite reduced gaming activity."
 
Williams has high hopes for the company's iOS and Android apps in the social gaming space, saying that so far results have been positive and his staff is working on improvements to the social features.
 
The second milestone Bingo.com achieved during the quarter was the migration of its entire website and gaming technology to a new platform provided by Unibet
 
"With this migration complete, Bingo.com can now offer its cash players a wider range of casino games, bonuses and other incentives designed to increase player activity,” Williams said.

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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