October 2, 2006
Bingo.com To Focus on European Expansion
ANGUILLA, B.W.I., October 2, 2006 / Bingo.com, Ltd. (OTCBB: BNGOF), operator of the World’s Largest Bingo Hall, announced today that with the passage of new United States legislation aiming to prohibit United States based banks, credit card companies and other Internet payment systems from making payments to online gambling companies, Bingo.com will be focusing future business expansion in European markets such as United Kingdom, Italy and other Internet gaming friendly jurisdictions. These countries have either passed, or are passing legislation legalizing and regulating Internet gaming.
“Bingo.com has a large number of players in the United Kingdom already and with over 48 million adults and a long standing bingo tradition, the United Kingdom is an ideal market for the Company’s initial international expansion,” commented Tarrnie Williams, CEO. “We have been in preparation for this targeted international strategy for a long time and we are excited to put these plans into action. We are extremely fortunate to have the best possible URL for providing online bingo so while this policy change in the United States may impact the performance of the Company in the short term, we expect the Bingo.com brand to be well received in the new markets in which we focus.”
Bingo.com has also announced the retirement of Peter Crossgrove from its Board of Directors. The entire Bingo.com staff would like to thank Mr. Crossgrove for his 5 years of service to the Company and wish him all the best in his retirement.
For more information contact:
- Henry Bromley
- (264) 461-2646