Online Bingo Performs Well In Midst Of Crisis
A new study focusing on the impact of the online Bingo industry has led to some interesting results. With markets analysed spanning North America, South and Central America, the Middle East and Africa, and even Europe, Asia, the Baltics and Australia and New Zealand, the study’s emphasis is on how industry role-players are actively stepping up to the challenge of growing their offerings and reach amid a global crisis of epic and, at times, devastating proportions.
Role-players named in the study include Sky Betting and Gaming, GVC Holdings plc, Bet365, Betfair, Paddy Power, Amaya Inc, 888 Holdings, Betsson, Kindred Group, Ladbrokes Coral, and British bookmaking giant William Hill.
Bingo Thrived When Others Failed
The global health crisis has seen industries across the board suffer enormous and devastating losses – this in stark contrast with what has been happening across the online entertainment playing field.
Online Bingo, in particular, has emerged a tenacious sub-sector. With many people stuck at home and with not much to do or means to pass the time and relax, online Bingo has become a sort of go-to form of digital entertainment.
Reports indicate that in the United Kingdom alone, online casino games in general saw an average increase in annual revenue of up to 30%. This has made of a time especially trying and harrowing to most, a rare window of opportunity for the online Bingo industry.
Bingo is one of the most popular forms of online gaming by far. It’s an enjoyable and stimulating form of entertainment, and the fact that there is typically included a strong social element, has only helped escalate the prominence and popularity of the game even more.
Positive Revenue Reported
Operators across the online Bingo board have reported positive revenue performances for most of 2020.
The renewed focus on online Bingo as a sector of online gaming has led to a definite increase in quality and playability, with operators suddenly in a position of competing exclusively for the business of online Bingo players.
But given Bingo’s status and position of prominence as an interactive socially driven game across literally multiple decades, that online Bingo has now emerged every bit as popular as land-based Bingo halls really should come as no surprise.
Another forward-driver has been Bingo’s decades-long connection with humanitarian help and charity initiatives. Bingo could repeatedly be seen stepping up to the plate in terms of helping to fill the revenue aid gap created by the downturn suffered by so many other industries.