Bingo Entertainment Shows 48% Revenue Hike in UK Market
While the poker industry is fluctuating and floundering in the aftermath of Black Friday, the online gaming businesses are seeking to promote other gaming sectors like bingo.
Bingo Entertainment, one of the top providers of bingo gaming services, recently announced that its revenue had picked up in the year 2011. The online bingo company’s revenue reports also indicated that Bingo Entertainment’s position in the UK bingo market has greatly improved with the site making a 48% profit.
Bingo Entertainment which was established in 1999 did not make a big hit on the online bingo market in the UK until it launched the reputed bingo site titled Gina Bingo. In the past year, Bingo Entertainment has noted a steady growth rate and watched its revenue jump from $1.29 from the first quarter of the year 2011 to $1.92 million in the first quarter of the year 2011.
According to a statement made by Bingo Entertainment, the surge in revenue in the past year was due the launch of the Gina Bingo site which was later followed by yet another successful bingo gaming site by the name of Ritzy Bingo. The company also announced future plans to expand its presence in the UK bingo gaming market and has taken steps towards that goal by launching several other bingo sites on their network such as Yes Bingo, Britain’s Got Bingo, Bingo Shake and Bingo Blowout.
One of the reasons for the success of the Bingo Entertainment network in the UK gaming industry and its 48% hike in revenue may be because the company offers bingo sites the opportunity to link to 3 different networks. This means a better choice of games and promotions for the site in question.
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