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December 7, 2011

Bingo.com Knows of No Material Change in it’s Affairs

ANGUILLA, B.W.I., December 7, 2011 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today reported that, in view of the unusual rise in the share price of the common stock of the Company, it reports that it is not aware of any material corporate development or material change which could account for the price changes.

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XBRL Documents bngof-20110930_FINAL

Q3 2011 Form 10-Q

 

Item Description File
101.ins XBRL Instance Document bngof-20110930.xml
101.xsd  XBRL Taxonomy Extension Schema Document  bngof-20110930.xsd
101.cal XBRL Taxonomy Extension Calculation Linkbase Document  bngof-20110930_cal.xml
101.def XBRL Taxonomy Extension Definition Linkbase Document  bngof-20110930_def.xml
101.lab XBRL Taxonomy Extension Labels Linkbase Document  bngof-20110930_lab.xml
101.pre XBRL Taxonomy Extension Presentation Linkbase Document bngof-20110930_pre.xml

 

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November 14, 2011

Bingo.com Announces Profitable Third Quarteraccrobat_icon

ANGUILLA, B.W.I., November 14, 2011 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the third quarter ended September 30, 2011. All amounts are presented in United States Dollars and in accordance with United States Generally Accepted Accounting Principles.

Recent Bingo.com highlights include:

  • Second consecutive profitable quarter;
  • Net income for the three months ended September 30, 2011 was $15,158, a 78% increase
    compared to a net income of $8,520 in the second quarter of 2011; and 
  • Revenue of $416,732, an increase of 15% from revenue of $363,492 in the second quarter of2011.

“Bingo.com has increased revenue and profits in the third quarter of 2011”, said Jason Williams, Bingo.com’s CEO. “We continue to build on the success of our restructuring program and marketing efforts. Despite the challenging summer months and a significant negative effect from currency fluctuations due to the strengthening of the United States Dollar, our reporting currency, Bingo.com has performed well. The benefits of Bingo.com’s participation in the Unibet partner program are now being realized with gaming revenues increasing by 382% when compared with the same quarter in 2010. Leveraging the multi-language and multi-currency features of the Unibet platform, Bingo.com’s European expansion is proving successful with several markets now contributing significant portions of our revenue. Player acquisitions and gaming activity on Bingo.com remain high and we hope to continue our success with further marketing investments in the fourth quarter.”

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XBRL Documents bngof-20110630_FINAL

Q2 2011 Form 10-Q

 

Item Description File
101.ins XBRL Instance Document bngof-20110630.xml
101.xsd  XBRL Taxonomy Extension Schema Document  bngof-20110630.xsd
101.cal XBRL Taxonomy Extension Calculation Linkbase Document  bngof-20110630_cal.xml
101.def XBRL Taxonomy Extension Definition Linkbase Document  bngof-20110630_def.xml
101.lab XBRL Taxonomy Extension Labels Linkbase Document  bngof-20110630_lab.xml
101.pre XBRL Taxonomy Extension Presentation Linkbase Document bngof-20110630_pre.xml

 

Note: To download XBRL documents, right click on the link and
select save link as or save target as  depending on internet browser.

August 15, 2011

Bingo.com Announces Profitable Second Quarteraccrobat_icon

ANGUILLA, B.W.I., August 15, 2011 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the second quarter ended June 30, 2011. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

Recent Bingo.com highlights included:

  • First profitable quarter since the second quarter of 2006.
  • Net income for the three months ended June 30, 2011 was $8,520 compared to a net loss of
  • $743,332 in the first quarter of 2011.
  • Revenue of $363,492, an increase of 47% from revenue of $247,044 in the first quarter of 2011.

“Bingo.com has returned to profitability in the second quarter of 2011”, said Jason Williams, Bingo.com’s CEO. “In the first quarter of 2011, we completed the restructuring of Bingo.com’s strategy, technology, and personnel and are pleased to see the positive results that have been achieved. As a member of the Unibet partner program, Bingo.com’s international player acquisitions and revenues have greatly improved. The combination of a multi-language and multi-currency approach with a wide selection of premium bingo and casino games has resulted in high player values from a number of countries. With the launch of Bingo.com’s marketing initiatives in January 2011 and the rise of our active player base, Bingo.com’s revenues have climbed steadily. Now with higher revenues and lower operating costs, Bingo.com has been able to secure its first profitable quarter since the second quarter of 2006. Moving forward, Bingo.com will continue to invest in targeted marketing initiatives with the intention of growing revenues and profits.”

Total revenue for the quarter ended June 30, 2011, was $363,492, an increase of 47% from revenue of $247,044 in the first quarter of 2011, and an increase of 3% from revenue of $353,619 for second quarter of 2010. Gaming Revenue was $352,413 in the quarter ended June 30, 2011, an increase of 52% from revenue of $231,177 in the first quarter of 2011, and an increase of 6%, compared to Gaming Revenue of $333,115 in the second quarter of 2010. This increase compared to the first quarter of 2011 and the second quarter of fiscal 2010 is due to a targeted television marketing campaign. We earned advertising revenue of $11,079 in the quarter ended June 30, 2011, a decrease of 30% from advertising revenue of $15,867 in the first quarter of 2011 and a decrease of 46% from advertising revenue of $20,504 in the second quarter of 2010. During the quarter ended March 31, 2010 the Company suspended sales of new advertising.

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