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Internet Bingo Continues Phenomenal Growth
Internet bingo continues its phenomenal growth in the UK and Europe. Recent industry expansions into Sweden and Spain have been very successful and the internet bingo industry continues to grow. In the UK the rapid growth of internet bingo has been driven by the national smoking ban which sent thousands of land based players online and high taxation which has closed many bingo halls throughout the country. Although the modern version of the game was introduced in the United States bingo became immensely popular in the UK following World War Two. Almost every English hamlet had its High Street bingo hall and industry giants such as Mecca and Gala Bingo added a touch of glamour to the game.
Internet bingo has attracted a new demographic and now the typical internet bingo player is a female 20 to 40 years old. Rapid industry expansion has created a competitive atmosphere which has benefitted players in many ways. Internet bingo websites are offering larger than ever jackpots and unprecedented player perks. Most bingo sites offer either a bingo sign up bonus or a deposit bonus and players can now easily double, or even triple, the size of their deposits. In Europe ewallet Paypal has re entered the gaming market and players can now use this highly reputable service for both deposits and payouts. In addition to traditional 75 ball bingo most European bingo websites offer 90 ball bingo which is popular in the UK, Australia and New Zealand.
The Internet bingo now has its own industry associations and holds annual meetings in London for industry representatives. Bullet Business, which hosts the annual bingo summit, reports that the internet bingo industry has “grown phenomenally.” In 2006 the first online bingo summit attracted 80 companies but just 12 months later had 180 companies attending. In 2009 the internet bingo summit attracted 350 participants and the numbers keep growing. According to Ravi Virpal, director of Bullet Business, online bingo has “grown in the national conscience” and says the annual bingo summit is “the pivotal point” for the industry.
The expansion of the internet bingo industry into Scandinavia has been well received among Swedish, Norwegian and Danish bingo players. Lars Bakken Elvsveen, an employee of Norsk Bingo AS said that Norwegians “have a great love for bingo.” In Sweden internet bingo has achieved instant popularity. Industry insider Dominic Mansour said that Sweden is a “key market” for internet bingo. He said the popularity is because of “the high internet penetration and propensity to play bingo” in Sweden. Industry experts expect continued growth and predict more expansion into European markets soon.
Internet Bingo Software Providers
Online bingo is one of the fastest growing sectors of the lucrative online gaming industry. Internet bingo sites use the latest bingo software and the technology is constantly evolving. Have you ever wondered just who is behind these advances and who provides the software to the many bingo sites online? A little research revealed the following results. As any internet bingo player knows new advances make the game even more realistic and enjoyable. These are the top providers of bingo and gaming software.
One of the top providers of bingo software is Playtech. Playtech was founded in 1999 and since then has been a leader in the gaming software industry. Many top online bingo sites are powered by Playtech software Playtech provides software for its network of bingo sites through bingoland.com. Playtech provides clients with high quality bingo games which seek to preserve the community atmosphere of bingo. Playtech provides clients with substantial resources and is one of the most highly regarded bingo and gaming software companies in Europe.
St. Minver is one of the oldest and largest online gaming companies in Europe. St. Minver provides bingo software and services to bingo giants such as Virgin Bingo, Yahoo bingo and Butlins Bingo. St. Minver is licensed in Gibraltar and not only provides software solutions for internet bingo sites but also banking solutions. Gaming companies that are licensed in Gibraltar account for 37% of all online gaming revenue and licensing requirements are stringent. St. Minver offers top notch bingo software and has an impeccable reputation.
Aqua Gaming is another top provider of bingo software. Founded in 1998 Aqua Gaming is a top provider of other services to bingo sites such as credit card processing, call centre support and other valuable services. Aqua Gaming maintains relationships with top software houses allowing them to provide clients with the latest innovations.
Virtue Fusion, licensed in Alderney was last years winner of Best Bingo Software 2009 and continues to provide clients with the latest software. Virtue Fusion powers one of the largest bingo networks online and claims a peak traffic of 7,000 concurrent players producing 100,000,000 in total monthly revenues. Virtue Fusion bingo software powers some of the best known names in online bingo such as Mecca, Ladbrokes, William Hill and Bet 365 Bingo.
Gamesys Group is one of the fastest growing companies in the online gaming industry. Gamesys owns the popular online bingo site jackpot joy and also provides bingo software for Caesars bingo, and the popular Sun bingo run by the popular newspaper the Sun. Gamesys is incorporated in the UK and adheres to the strict regulations set by the government regarding online gaming.
There are many more bingo software providers but this should give the reader an idea of just how big and lucrative the internet bingo sector is. Most experts predict that the industry will continue to grow and should the US market open up the industry is set to explode!