Press Releases 2013

October 30, 2013

Bingo.com Announces Third Quarter Results

ANGUILLA, B.W.I., October 30, 2013 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the period ending September 30, 2013.  All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

Highlights from the quarter include:

  • Total revenue for the nine months ended September 30, 2013, was $1,534,211, an increase of 26% from revenue of $1,211,797 from the nine months ending September 30, 2012. 
  • Completed transition to new desktop gaming platform enabling a mobile and tablet solution for the fourth quarter of 2013.>
  • Finalized Trophy Bingo social casino game development modifications in preparation for a fourth quarter of 2013 world wide launch.

“The third quarter of 2013 was challenging,” said Jason Williams, Bingo.com’s CEO.  “The quarter was difficult as we had to overcome the latent effects of our platform migration, an increasingly competitive market environment, and the challenge of marketing a desktop only product suite in a market increasingly dominated by mobile and tablet visitors.  Bingo.com has been working closely with its technology provider to ensure that a mobile and tablet solution is delivered soon to ensure players can access the Bingo.com suite of games on all of their devices.”

Continue reading

July 23, 2013

Bingo.com Announces Q2 Results with a Return to Profitability

ANGUILLA, B.W.I., July 23, 2013 / Bingo.com, Ltd. (OTCQB: 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, 2013. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:

  • • Profit of $10,449 for the quarter ended June 30, 2013 compared to a loss of ($471,189) in the first quarter of 2013 and a loss of ($28,908) in second quarter of 2012.
  • • Fund raising of $900,000 at $0.45 per share in the quarter.
  • • Beta launch of Trophy Bingo into the social casino market on iOS, Android, and Facebook.
  • • Migration of Bingo.com website to a new platform on the Unibet system.

“We are very pleased with our return to profitability. With an increased focus on retention and monetization of the players we acquired in the first quarter, we were able to secure a small profit despite reduced gaming activity resulting from the website migration and a reduction in marketing spend.” said Jason Williams, Bingo.com’s CEO.

Continue reading

June 17, 2013

Bingo.com Launches New Website

ANGUILLA, B.W.I., June 17, 2013 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has successfully migrated to a new website and gaming platform.

“The technology behind Bingo.com is state of the art,” said Jason Williams, Bingo.com’s CEO. “We have been working in partnership with Unibet for a considerable time to bring Bingo.com onto this new platform which will allow access to a much wider range of games in the casino portfolio, enable advanced player targeting with bonuses, and many other new features. However, the most critical advantage that Bingo.com gains from this migration is that we’re now on the platform required for us to offer mobile and tablet gaming to our customers. While this portion of our offering is not yet enabled, Bingo.com and Unibet will be working together to take Bingo.com’s games to mobile and tablet devices as quickly as possible.”

Continue reading

June 5, 2013

Bingo.com Closes $450,000 Private Placement

ANGUILLA, B.W.I., June 4, 2013 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has closed an additional private placement of one million common shares at $0.45 per share to raise net proceeds of $450,000. The shares have been placed with a non-US private company.

“The funds raised in this private placement will be used to finance the worldwide launch of Bingo.com’s multi-platform social bingo game,” commented Jason Williams, Bingo.com’s CEO. “The initial results of the beta testing of Trophy Bingo have been positive and we are preparing for the global launch of the brand once some product refinements are complete.”

For full details of the Companies operations and financial results, please refer to the Securities and Exchange Commission website at www.sec.gov or the Bingo.com website at http://www.bingo.com.

Continue reading

May 15, 2013

Bingo.com Announces First Quarter Results

ANGUILLA, B.W.I., May 15, 2013 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the first quarter ended March 31, 2013. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:

  • Total revenue for the quarter ended March 31, 2013, was $590,199, an increase of 45% from revenue of $406,307 in the first quarter of 2012 and an increase of 7% from revenue of $549,104 in the fourth quarter of 2012.
  • Successful launch into new territory expands player base and gaming volume to record levels for the group.

“The first quarter of 2012 went according to plan,” said Jason Williams, Bingo.com’s CEO. “Our aggressive marketing efforts have increased Bingo.com’s European player base and gaming volumes to record levels for the Company. While it’s disappointing to have a loss, we had anticipated our increased marketing spend would put us in the red for the short-term. However, our marketing continues to be well received and our player acquisition costs are within targets. The second quarter will see a reduced marketing spend as we consolidate our position and focus on the monetization of our now significantly larger player base.”

“The second quarter is already historic for us as Bingo.com has returned to the North American market with its entry into the social casino segment with Trophy Bingo,” continued Williams. “With the game is entering its beta testing phase, we are enthusiastic about our innovative product and its potential in the global online bingo industry.”

Total revenue for the quarter ended March 31, 2013, was $590,199, an increase of 45% from revenue of $406,307 for first quarter of 2012 and an increase of 7% from revenue of $549,104, in the fourth quarter of 2012. Gaming Revenue was $582,760, an increase of 51% in the quarter ended March 31, 2013, compared Gaming Revenue of $386,925 in the first quarter of 2012 and an 6% increase from revenue of $549,104 in the fourth quarter of 2012. This increase compared to the first and fourth quarter of 2012 is due to an increase in players as a result of increased marketing. We earned advertising revenue of $7,439 in the quarter ended March 31, 2013, a decrease of 62% from advertising revenue of $19,382 in the first quarter of 2012 and an increase of 51% from advertising revenue of $4,927 in the fourth quarter of 2012.

Continue reading