Press Releases 2007
Bingo.com Announces Fourth Quarter Results
ANGUILLA, B.W.I., February 26, 2007 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the World’s Largest Bingo Hall, today announced its unaudited financial results for the fourth quarter ended December 31, 2006. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
“The fourth quarter of 2006 presented many challenges for Bingo.com,” said Tarrnie Williams, the Company’s CEO. “With the passing of the United States Unlawful Internet Gambling Enforcement Act, the Company was left with no choice but to halt its gaming operations and sell its entire United States gaming business to an unrelated third party. This regulatory change significantly impacted Bingo.com’s revenue and therefore its profitability in both this and the first quarter of 2007. In response to this situation, the Company has accelerated its plans to expand its online gaming business in regulated countries throughout the world and expects to complete its preparations for the launch of its online bingo games in the United Kingdom in March 2007, and into other regulated markets later in 2007. We are excited by the opportunity these markets present to Bingo.com and look forward to a return to profitability. “