Bingo.com announces impressive Financial Results
17th February, 2009
Bingo.com is arguably one the most sort after gaming URL's in the industry. As a result, the creators of Bingo.com have built a excellent internet bingo site offering players free games, big jackpots and several fun promotions.
The site recently released their annual financial report earlier this week which showed a marked improvement in revenues. Total revenue for 2008 stood at $5.64 million, even though there was a 15 percent decrease in the 3rd Quarter.
Final quarter revenue stood at $1.32 million but overall results were impressive.
Tarrnie Williams, Chief Executive Officer for Bingo.com said in a statement, 'The fourth quarter of 2008 was another strong quarter of growth for Bingo.com as we saw increased gaming revenues across all our products,'
William went onto explain how the company, as most have in the industry, have been effected by the current economic turmoil. 'However, like many international companies, we have been negatively affected by the dramatic volatility of the currency market, particularly the fall of the UK Pound Sterling and the strengthening of the United States Dollar in relation to other world currencies."
Bingo.com however will continue to attract hundreds of new players every day and looks to grown and expand its service throughout 2009.
By Jamie
