Is online bingo the next online poker? Seems to be more sites than bingo players
Posted on June 17, 2010 by Shay Greenberg for Luckyroom.com
Well the question has been brought up here at luckyroom.com headquarters and our editors are surely starting to wonder if the online bingo craze will end up being another online poker bubble. The question is surely an accurate one as the online bingo industry seems to be following in the exact same footsteps of the online poker industry which has more or less stabilized itself these days by allowing only a handful of sites to lead the industry and enjoy the fruits of the crop of advertising from some sites which have made online poker so popular only for the more wiser to enjoy.
It seems that another new bingo website pops up every other day as the particular industry is keeping major gaming operators alive and breaking up the loss they are facing from other gaming products they might be offering like poker or casino as in contrast to poker or casino the difference here is that revenue adds up from 5p or 5c tickets each time which basically means that players last longer and the catch comes slowly but it surely does come surely. It is more or less obvious that this industry is booming as simply going on to facebook and searching online bingo will solve the dilemma as the 2/3 of the population of India is trying to put a finger in the pie by getting a click and eve more a deposit which will keep them going advertising this product that they have been promised to be their life changer.
The bingo industry together with all the keywords that add up to its existence including bingo, bingo online, no deposit bingo, free bingo, play bingo and all the following are just being populated by new members every day as a new site seems to be appearing day after day therefore covering all the related topics and possible searches that can come with it altogether; for affiliates and webmasters internet casinos is last years news as bingo is the new kid on the block and there’s still juice in the industry as besides a few big portals that have been around for quite a few years everybody else is relatively new so everybody has fair chance of piece from this mid age cooked pie.
When internet poker started to become popular in the early 2000 webmasters that were in the industry at the time can remember the craze and the immense amounts of money spent by sites to be advertised with the dream that this was their oasis towards the American Dream; now what they hadn’t taken into consideration was that the bubble would some day end and all the money spent on advertising would same day vanish as new sites were giving players more and more and more while sites that have managed to seal their existence till this day gave players a silly $50 bonus; now for those not long enough in the online gaming industry it would be interesting to mention that until recently pokerstars.com which today hold the title of the worlds largest online poker room gave players $50 in bonus where competition gave them $600 so in simple terms they gave the players no incentive at all; now what they did is seal their existence and sat back watching sites toss money out in bonuses and advertising just simply waiting for them to run short in cash flow and step in to steal the show as they did last year when they just simply put all 20 fingers in the pie stating we own poker online; if your interested in this industry its too late; sorry.
Now back to bingo; My question is how can an industry that targets only 4 countries on the whole globe be so profitable how can an industry that targets a specific age group be so popular and even more what happens in 10 years when the 50 year old generation will all know to use a PC? Well lately online gaming giant 888 had reported that the only product of its offerings that is experiencing a steady growth is its bingo games which are hosted at UK popular 888Ladies and 888 bingo which is hosted under the main domain name of the 888 brand; that must mean something. Well with more than 300 online bingo operators online and more than 1000 sites targeting online bingo players the least we an say is that the best is yet to come as we do expect to see a number of operators merging and a number of popular domains or brands being bought out by stronger operators that might have the ability to cater bigger jackpots or bigger volumes of players due to compounded player pools. We just get the feeling that unbelievable bonuses, operators still accepting US players and tossing away cars to bingo players will just be a repetition of Boss Media and ipoker sites which have stepped back in the industry as the sport just became too expensive for them to host.
This topic can be attacked from so many angles making it just impossible to start from somewhere and end somewhere. To conclude we do think that this bingo madness will end at some stage as its just becoming impossible and unreal.
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