NewswireToday - /newswire/ -
London, United Kingdom, 2007/05/10 - Online Bingo is experiencing fantastic growth right now with some startling market statistics. This press release looks at the operators & affiliates aim over the next year with thoughts from Dominic Mansour, Leigh Nissim, Phil Fraser & Chris Wesson.
Online Bingo presents itself as an unlikely competitor to the variety of online cash games available to today’s igaming consumer. However according to numbers from Parlay Entertainment the current online bingo market is estimated at 40 million USD per year and is growing fast. As the online Casino market begins to slow Bingo operators and affiliates share one common goal…Europe…and they are not holding back!
Heightened exposure in Europe, new entrants from the offline Bingo world, iGaming laws set to launch in September 2007, the national smoking ban ready to take hold of the offline operators in July and brewing M&A activity on the horizon - there has never been a better time to take advantage of the exploding European Bingo scene. Indeed if only 1% of the land-based Bingo halls convert from land to online, it would represent a $400 Million Dollar Industry.
As the online Bingo space gears up for significant growth Dominic Mansour, CEO at Bingos.co.uk spoke of the value of the upcoming Bullet Business Online Bingo Summit ; "The Online Bingo space is gearing up to corner a large slice of the online gaming sector...things are very exciting right now. The Online Bingo Summit is the only place in Europe to meet with key Bingo industry executives and to discuss the challenges we will face over the next year. Last year's Summit brought together a fantastic mix of stakeholders from right across the Bingo value chain. I am looking forward to this year’s summit very much."
Indeed, world leading Bingo Operators, Affiliates, Technology Solution Providers, Igaming Legal Specialists, Digital Marketing Consultants and more will be meeting in London to strategize, discuss and learn about how to make the most of the lucrative European online Bingo space. Companies already confirmed include Parlay Entertainment, St. Minver, Which Bingo, Online Bingo Info, Astro Bingo, Bingos.org.uk, Think Bingo, Bingos.com and more.
The 2nd Annual Online Bingo Summit Europe run by Bullet Business taking place at the Regents Park Marriott hotel in London on September 25th – 26th remains the premier summit to focus solely on the business of Bingo. Speaking about last years summit Leigh Nissim, Managing Director of St. Minver commented “The Online Bingo Summit 2006 gave the unique opportunity for the Online Bingo industry to come together for a day of focused, in-depth and relevant discussion about the biggest challenges within online bingo today”.
Reflecting on the quality of attendees in 2006 Phil Fraser, Founder of Which Bingo stated “The Bingo Summit drew a very focused target audience of key decision makers in the online bingo industry.” He continued “This was the first online bingo-only conference - it was long-awaited but worth the wait. An excellent opportunity to listen to, and meet, suppliers, clients and competitors all under one roof. I am already looking forward to the next Bingo Summit”
While Chris Wesson, Managing Director, Online Bingo Info speaking about this years meeting says "I am very much looking forward to this year's conference as the industry has moved on and there are new and exciting opportunities to explore"