August 20, 2009 (CAP Newswire) — iGaming Business, an observer of the online gambling and casino industry, is predicting that the Internet bingo sector of the Internet gaming world will enjoy a considerable “boom” period starting this year and extending through 2010 (and probably beyond).
The company says that prominent bookmakers like William Hill, PartyGaming and 888 Holdings, who are already partially replying upon online bingo to buoy sagging profits caused by the global economic downturn, will enjoy greater overall success in the long-run because of their online bingo activities. The game is currently gaining great popularity throughout Europe, and that’s expected to continue in the months and years to come.
“According to data released recently by H2 Gambling Capital, a research company based in Manchester, England, with clients including PartyGaming, revenues from online bingo will rise by more than 20 percent this year and next to total around $1.6 billion by the end of 2010,” the article explains.
William Hill is a good example of the importance of online bingo. The company’s net revenues from “online bingo and skill games such as backgammon” have risen 50 percent so far in 2009, while sales from its more traditional outlets like bookmaking and wagering have fallen slightly.
For more details, read the complete iGaming Business article here.