Financial results from Bingo.com

Over the last 2 weeks many operators have been announcing their financial results, some faring a lot better than others, and the latest to join them is Bingo.com. They revealed that the first quarter saw a fall of $344,806 compared to that of 2009 – some of this they attributed to the strengthening of the Canadian dollar but most of this they believe is due to the change in software.

The CEO of Bingo.com, Tarnie Williams, explained that the new software in Q1 didn’t perform as well as expected and halted plans to enter the UK bingo market, which is extremely competitive at the moment. This resulted in Bingo.com partnering with Unibet, which in turn led to the new Bingo.com website which has just been unveiled. The new bingo site is available in 23 different languages, which they are sure will lead to far better financial results, though as the Unibet based site was launched in mid Q2 the results may take a while longer to show.

The new Bingo.com site offers all new players a £3 no deposit bonus upon registration, as well as a 100% first deposit bonus. The site already gets a large amount of traffic, partly thanks to it’s name which has to be the most sought after name in online bingo, giving it a head start over it’s competitors. With the joining bonuses and the new interface they are hoping that the amount of active members will show a large increase.

There has been a lot of new sites launched recently, including Red Bus Bingo, Tasty Bingo and Bingo Hollywood, so it will be interesting to see how the new look Bingo.com fares.

Related bingo news:

1. Ladbrokes Gives Hope To The Bingo Industry In Their First Quarter Financial Figures.
2. Bingo.com post second quarter loss
3. Virtue Fusion gains Bingos Bingo
4. Parlay Entertainment report $1.4 million loss
5. Chief Executive of Dragonfish leaves