PRESS RELEASES

Bingo.com Closes $700,000 Private Placement

Bingo.com Closes $700,000 Private Placement

ANGUILLA, B.W.I., September 29, 2014 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online bingo community http://www.bingo.com, today announced it has closed a private placement of 1,000,000 common shares at $0.70 per share to raise net proceeds of $700,000.  The shares have been placed with a non-US private company. 

“The funds raised in this private placement will be used to finance the on-going development and marketing of Trophy Bingo,” commented Jason Williams, Bingo.com’s CEO.  “Trophy Bingo is a patent-pending social bingo product that is currently available worldwide on Android devices and is coming soon to Apple’s iPhones and iPads.  The game is currently in a phase of live development and tuning as we prepare for large scale marketing efforts once the game’s metrics surpass our targets. While on-going modifications to the game continue, performance metrics thus far have outperformed our expectations and we remain confident in the game’s long-term potential.  With this latest financing secured, we do not anticipate requiring any further funds to complete the development of Trophy Bingo.”

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Bingo.com Launches Trophy Bingo Worldwide on Android

Bingo.com Launches Trophy Bingo Worldwide on Android

ANGUILLA, B.W.I., August 14, 2014 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has launched Trophy Bingo, its innovative social bingo product, worldwide on Android.

Trophy Bingo, currently available in the Google Play store, is a puppy themed bingo adventure where players must win their way through 120 levels of bingo challenges.  The game includes many innovations for social bingo including new power plays, a map progression system, unique game types, card blockers, bonus bingo rounds, and a bingo combo system.  The unique construction of Trophy Bingo creates an entirely new bingo game experience that enables players to influence their bingo chances with strategic play.  Trophy Bingo is free to download and supports in-app purchases for players who find themselves in need of extra bingos or want to engage with the premium power plays contained in the game.  A period of live development and monetization tuning will commence immediately following the launch in the Google Play store.  In addition to regular updates to the game including new levels and power plays, Trophy Bingo will soon be released on iOS in the Apple App Store available worldwide to players on iPhones and iPads.

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Bingo.com Launches Mobile Casino

Bingo.com Launches Mobile Casino

ANGUILLA, B.W.I., August 11, 2014 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has launched a mobile version of its online casino now available at http://m.bingo.com.  

“The release of Bingo.com’s mobile casino is an important step forward for the Company,” said Jason Williams, Bingo.com’s CEO.  “With our products, banking and support available to all handheld devices we’re now able to market in a full range of channels to potential players irrespective of their preferred platform.  Our goal is to leverage our mobile casino and the increased reach of our brand to return Bingo.com’s gambling business to growth.”

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Bingo.com Announces Second Quarter Results

Bingo.com Announces Second Quarter Results

ANGUILLA, B.W.I., August 5, 2014 / 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, 2014.  All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

Recent Bingo.com highlights include:

  • Finalized development activities readying Trophy Bingo for world wide third quarter launch. 
  • Total revenue for the quarter ended March 31, 2014, was $431,185, a decrease of 21% from revenue of $548,471 in the first quarter of 2014.

Sales and marketing expenses were $205,825 for the quarter ended June 30, 2014, a decrease of 42% from expenses of $355,224 in the first quarter of 2014.

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Bingo.com Announces First Quarter Results

Bingo.com Announces First Quarter Results

ANGUILLA, B.W.I., May 5, 2014 / 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, 2014.  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, 2014, was $548,471, an increase of 36% from revenue of $404,488 in the fourth quarter of 2013.
  • Two separate financings for the quarter ended March 31, 2014, for a total of 1,750,000 common shares at $0.40 per share raising $700,000 in total.
  • Soft-launch of Trophy Bingo on Android smart-phones and tablets world-wide

“We continued to implement our long-term business strategies during the first quarter of 2014” said Jason Williams, Bingo.com’s CEO.  “In our European cash gaming business revenues increased significantly as a result of changes to the marketing mix and favourable gaming results during the quarter.  We continue to invest in select marketing campaigns that have shown the highest returns and in markets where Bingo.com’s brand is the strongest,” continued Williams.  “In our social casino business, we soft-launched Trophy Bingo in the Google Playstore during the quarter.  The game has been rated highly by players on the platform and its analytics remain strong.  We continue to invest heavily in the development of Trophy Bingo as we pursue a strategy of product differentiation in the social bingo marketplace.  In the first quarter of 2014 we commenced amortizing the development expenses incurred to date and are expensing the ongoing development costs as they occur.  This accounting change has resulted in a large loss for the quarter despite our revenue growth”

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