Falling Profits In Major Bingo Groups

Together with recent reports of profits falling for the Mecca Bingo group (Rank), we have uncovered that they are not the only major bingo group to have recently suffered loss of profits to such a degree that are almost certain that the non smoking ban (amongst other causes) is responsible for the losses, Top Ten Bingo has also joined these ranks.

The new gaming laws , while making the industry more openand protecting players, was looked forward to with great intent by the industry only to be thwarted with the enactment of the US Gambling Enforcement Act that was introduced last October , add to that the House of Lords vetoing the plans for a super casino and the smoking ban, created the grounds for a witches brew of conflict within the gaming and bingo industry, that is having a massive impacton profitability and sustainability for bingo operators in the United Kingdom.

These major bingo operators are stating emphatically that their financial predicament is due to the new laws and the smoking ban, they say that it does not matter what kind of systems are in place to assist the smokers that attend the clubs, as soon as they get a break they all run outside to have a quick puff instead of staying put and playing on the gaming machines. Of course there is also the matter that many of the smokers have joined the trend to playing online bingo.

Posted: October 26, 2007
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