Economic Observers Predict Financial Boom for Online Bingo
13/09/08 21:26 Filed in: Bingo News
Although the online bingo industry hasn’t been hurting for business in the last few years a recent study suggests that the near future may see an even bigger jump in profits for industry vendors. The continuation of trends which have led to economic prosperity in the first place are set to become even further amplified as additional factors are coming into play with increased prominence.
The much-publicized UK land-based bingo hall crisis has occurred as a direct result of stricter government regulation and an influx of players heading to their computers instead of their favourite, local hall. Most importantly however is that rising gas prices within North America and the snowballing effect of website after website opening are only projected to add fuel to the fire. As the industry continues to grow and players provide a sufficient reason for expansion the entire virtual bingo community has been speculated to receive massive industry growth.
This is good news for those already on board with online bingo but for the demographic still dismayed by closing halls it will seem like a continuation of hard times. Despite parliamentary promises of legislature reform in Britain, land-based bingo rooms are still reeling from a dramatic loss of business and an even bigger internet boom than in the past may act as the final blow to their livelihood.
The much-publicized UK land-based bingo hall crisis has occurred as a direct result of stricter government regulation and an influx of players heading to their computers instead of their favourite, local hall. Most importantly however is that rising gas prices within North America and the snowballing effect of website after website opening are only projected to add fuel to the fire. As the industry continues to grow and players provide a sufficient reason for expansion the entire virtual bingo community has been speculated to receive massive industry growth.
This is good news for those already on board with online bingo but for the demographic still dismayed by closing halls it will seem like a continuation of hard times. Despite parliamentary promises of legislature reform in Britain, land-based bingo rooms are still reeling from a dramatic loss of business and an even bigger internet boom than in the past may act as the final blow to their livelihood.
