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August 13, 2010
Bingo.com Announces Second Quarter Results
ANGUILLA, B.W.I., August 13, 2010 / 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, 2010. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights included:
- Net loss of $27,977 in the second quarter of 2010 compared to net loss of $266,702 in the second quarter of the prior year and a net loss of $344,806 in the first quarter of 2010.
- Migrated our players onto the Unibet Partner Program to participate in their network bingo and casino program.
- Closed a $2,250,000 investment from Unibet for 25.9% of Bingo.com.
- Sold two redundant subsidiaries for $250,000.
May 18, 2010
Bingo.com Launches on Unibet Network System
ANGUILLA, B.W.I., May 18, 2010 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced that it has successfully transitioned its website and database onto the Unibet network. A new version of Bingo.com is now live and fully supported in 21 languages and 12 currencies.
May 14, 2010
Bingo.com Announces First Quarter Results
ANGUILLA, B.W.I., May 14, 2010 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its preliminary unaudited financial results for the first quarter ended March 31, 2010. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
“Bingo.com was in a period of transition during the first quarter of 2010,” said Tarrnie Williams, the Company’s CEO. “Early in the quarter, Bingo.com changed to a new software system. While the transition to the system was smooth, the results were not positive enough to warrant a significant marketing investment in the competitive UK market. As we recognized a change in strategy was necessary, we began talks regarding a partnership with Unibet. During the quarter we signed on to the Unibet partner program. However, the technology required development and we were not able to go live until just this week, almost half way through the second quarter. The traffic to Bingo.com is strong and new player acquisitions are occurring from dozens of countries worldwide as we now support 23 languages on the Unibet platform. Now that our desired business strategy is in place, we believe it is only a matter of time before profitability will be achieved.”
May 5, 2010
Bingo.com Closes $2,250,000 Private Placement from Unibet
ANGUILLA, B.W.I., May 5, 2010 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has closed a private placement from Unibet Group plc of 15 million common shares at $0.15 per share to raise net proceeds of $2,250,000. After issuance, the private placement represents 25.9% of Bingo.com. These shares were placed with Unibet Group plc, which is a non-U.S. resident under Regulation S exemptions.
“Bingo.com is pleased to have secured a private placement from Unibet,” said Tarrnie Williams, Bingo.com’s CEO. “With one of the World’s leading gaming operators as both an investor and operational partner, Bingo.com will now have the resources to support its brand in a number of emerging online bingo markets. We very much look forward to taking on a leading role in the expansion of online bingo worldwide.”
March 24, 2010
Bingo.com Announces Year End & Fourth Quarter Results
ANGUILLA, B.W.I., March 24, 2010 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the fourth quarter ended December 31, 2009. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Bingo.com financial highlights for the year ended 2009 and of the fourth quarter of 2009 included:
- • Total revenue for the year ended December 31, 2009 of $5,825,362, an increase of 3% from revenue of $5,649,565 in the year ended December 31, 2008.
- • Total gaming revenue for the year ended December 31, 2009, of $5,629,529, an increase of 5% from revenue of $5,373,718 in the year ended December 31, 2008.