Tuesday, August 11, 2009

Online gambling companies expect $1 Billion plus in online bingo

Numerous online gambling companies are expecting sales to increase as online bingo takes Europe by storm. Revenue from online bingo is expected to increase over 20 percent in the next couple of years.

Analysts predict the total is likely to be approximately $1.3 billion ending 2009, and by the end of 2010, $1.6 billion.

The online versions of the ever popular game, bingo, appear to be significantly more resilient than other forms of online gambling, as the most sever recession since World War II lingers on. Consumers have been restraining from spending too much money, so rather than going to traditional bingo halls, punters have been turning to their computers.

Online bingo is a relatively small compared to the veterans like online casinos and poker, however the sector is still poised for growth.

Some recent examples of the growth and excitement in the online bingo sector...

PartyGaming recently purchased Cashcade, with their flagship brand being the well know Foxy Bingo. Foxy Bingo joins Party's other strong bingo brand, PartyBingo.com.

Virgin Games bingo brand, Virgin Bingo, is running a promo where some lucky winners will win a trip to Richard Branson's Necker Island

Bingo Australia and their parent, The Bingo Affiliates, continue their dominance of the Google online bingo searches, especially in the Asia Pacific and Australian sector

Many charities and philanthropic groups in Australia are turning to bingo and online bingo promos to help raise funds for worthy causes.

Our top online bingo brands for the month? PartyBingo.com, VirginBingo.com and Bingo Australia.

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