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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.
The 5th Annual Online Bingo Summit
The online bingo industry is an important part of the online gaming industry. Bingo is big business these days and the industry holds its own annual summit in London every year. This year will be the 5th annual bingo summit sponsored by Bullet Business which specializes in issues affecting the online gaming industry. The 5th annual bingo summit will take place at the posh Victoria Park Plaza in London, July 8th and 9th. Most of the major online bingo companies will be represented at the summit. The online bingo industry is rapidly evolving and participants will learn new marketing strategies and can learn about the latest industry developments. Participants will include bingo operators, software platform providers, new bingo providers, analysts and consultants, recognized industry figures and affiliates.
Bullet business is one of the leading providers of iGaming business information and provides the industry with reports, whitepapers, targeted newsletters, and annual conferences addressing a wide variety of industry topics. Companies participating will include;
Online bingo operators Online bingo suppliers including; Platform providers, networks, game developers, Marketing specialists, Legal experts, SEO providers, and bingo analysts and consultants. Online payment and billing providers including; Payment, Pre-Payment, Testing, and Process Developers Other participants include; Scratchcard suppliers, Banks, and Lotteries
The list of companies that have already confirmed their attendance reads like a whos who on the online bingo industry! Attendees can expect to meet the top industry leaders at the 5th annual Online Bingo Summit. Although the summit is geared for European bingo operators US companies thinking about entering the lucrative world of online bingo should attend. It is only a matter of time before the onerous Unlawful Internet Gambling Enforcement Act is overturned and the US online bingo market will be opened providing the industry with millions of new online bingo players.
Obviously one of the hot topics to be discussed at the online bingo summit is player acquisition. In the past industry innovations have benefitted players in many ways. Summit participants will discuss how to make online bingo games better to attract and retain players and are sure to come up with innovative solutions that will make online bingo better than ever. Topics that will likely lead to new player perks include retention strategies, and a discussion of what online bingo players look for in choosing a new bingo site. The 5th online bingo summit will offer attendees decades of expert industry experience and is an eagerly awaited event in the online bingo industry.