Online Bingo Will Beat The Recession
Posted on June 12, 2009 by Rachel Wright
Good news for bingo lovers and their favorite online bingo operators; it was revealed this week from PriceWaterhouse Coopers, who claim that the bingo sector is the most likely area in the gaming industry to weather the current credit crisis sweeping the world.
It is believed that the bingo industry is so solid because for many bingo customers it is as much a part of their social live, as a hobby. This means that punters are less likely to cut back on their bingo spend as they see their social life as a necessity and an integral part of happiness and so they will make the cuts elsewhere in their lives.
However, although news is good for bingo it is believed that high stakes games like casino will suffer the most from the credit crunch. This is because the casino target market is largely men looking for the thrill of the win. With less disposable income available during these trying times no doubt they will be less likely to have a flutter.
David Trunkfield, the UK head of gaming suggests that, ‘bingo is the least cyclical form of gaming while casino is the most cyclical.’ In this difficult period time will tell how the gaming world will cope and how much money they will lose in profits.
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