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Online Bingo Industry Expanding Across the Globe
CANARY ISLANDS --
According to recent reports from financial website, Bloomberg.com, many online casino operators say online bingo games are expected to drive the majority of revenue growth over the next 5 years in the online gambling industry. The report by Bloomberg.com shows online bingo as the major catalyst of growth for the online casino industry.
According to Phil Fraser of Leeds, the UK is the most developed online bingo market in the world, with the number of web-sites growing to 245 in June 2008 from 17 in 2004. In Spain, the 2nd most competitive market, the number of web-sites grew to 40 from 6 back in 2007.
As you know, the United States does not possess an online bingo market due to the effects of the UIGEA, a bill that censors online activity. Despite the online ban, bingo is an extremely popular game across the US, with bingo halls in just about every major city.
Despite the ban, online bingo companies in Europe and abroad are profitable targeting international players only. The enormous growth in the worldwide popularity of online bingo has dwarfed the need for US players.
"We would love to market our online bingo games to US players", said Alfred Connaughy, an online bingo marketing analyst who began his career in the industry back in 1995.
"The reality is we have a strong and growing market worldwide that we need to focus on. Unfair trade circumstances in the United States have forced us to limit our international marketing, but I believe we are holding up well", he added.
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