Online Bingo geared up for growth

Many online gambling operators are insisting that online bingo is certain to be the greatest area of growth in online gaming in the foreseeable future, with the most likely areas of growth over the next three years in Europe. South America and Asia are expected to follow some years later. But in addition to supplying huge growth potential, promoting online bingo in several of these countries also carries risks.

With managers of internet gambling businesses having been arrested in both Turkey and France throughout the past year, whilst a number of European governments are lobbying against online gambling companies in order to keep from targeting their residents.

Online bingo is also very successful in the United States although the unlawful internet gambling legislation which was passed in 2006 drastically reduced the number of active online bingo operators permitted to function within the US market.

However, the UK lays claim to the most progressive online bingo marketplace in the world, with the total of UK online bingo websites increasing from just 17 in 2004 to a whopping 243 by June 2008. There are around 500,000 regular online bingo players in the UK.

The Spanish online bingo market was the second most successful with the total of web sites escalating from 6 to 40 within the past 12 months.
If online bingo continue its growing trend by 2012 online bingo will account for around 25% of global gambling commerce, surrendering profits of more than £1billion.

30th June 2008