Bingo.com Announces Q1 Financial ReportsSunday, 16 May 2010 | Written by Carol Dian
Bingo.com Has today announced its financial results, revealing a decrease $344,806 in relation to Q1 in 2009, which are associated with the strengthening of the Canadian Dollar, but mainly due to the change of software in Q1.
Tarrnie Williams, Bingo.com CEO has stated that the new software performance in Q1 were not satisfying at all and eliminated plans to directly enter the UK online bingo market, which is considered extremely competitive. This drove Bingo.com to seek the partnership with Unibet, which resulted in the brand new Bingo.com website launched last week, now offering interface and support in 23 languages. Bingo.com Ltd are sure that the recent step will boost the site’s performance, although it might still not be evident in Q2 financial statements, as the Unibet based site was launched only recently, in mid Q2.
The new Bingo.com site operating under the Unibet platform presents a polished interface and bingo experience. New members are rewarded with a £3 no deposit bingo bonus on registration, as well as a 100% match free bingo bonus on first deposit – these are hoped to be attractions that will increase the amount of active members at the site, which is getting huge amounts of traffic – as you can expect from a site carrying probably the most sought after domain name in the online bingo industry. With the amount of new bingo sites launched recently – like Bingo Hollywood, Tasty Bingo, Red Bus Bingo and others, Bingo.com has a lot of hard work cut out for it in the next few months.