Online bingo website, Bingo.com is on the move after being granted a class 1 and class 3 gaming licence in Malta. The new licences that allow both online bingo and online slots have been granted to the parent company Bingo.com Operations Limited and will provide the online bingo site with the opportunity to market more aggressively in the UK. Bingo.com believes the booming gaming market in the UK is the key to the company’s plans for growth and the new licences are just the first step in a bigger presence for the company in the online bingo market in the UK.
Bingo.com have gone from strength to strength since their launch in 1999 and Tarnie Williams the Chief Executive Officer for the online bingo company is hopeful that the new licences will allow them to “expand the reach of our affiliate programme to new and popular websites”and “we believe these initiatives in the UK, combined with our aggressive multi-language and multi-currency approach in other jurisdictions will ultimately prove successful for bingo.com”. The company is expected to move the whole of the Bingo.com gaming operation to Malta shortly and is expecting the move to be beneficial to not only their players but also the development of the company as a whole.
Bingo.com proudly states that they are “the world’s largest bingo hall”, and with over 1,800,000 users currently with registered accounts few could dispute their success. The company recently released details regarding Bingo.com’s fourth quarter trading results which showed a further increase in gaming revenues. However it was also mentioned in the published results that a volatile currency market had adversely affected their plans for growth hence the multi currency implementation. This next step is hoped to allow the company to continue in their current plans for increased market share.