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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.



Gambling News :

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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