 | Growth predicted for online bingo industry |
In an article written for Bloomberg and giving an overview of the online bingo sector, industry expert Joe Saumarez-Smith says online bingo games are set to continue growth, though he warns against unrealistic expectations for growth in non-traditional bingo markets.
While pointing out that the UK enjoys the most advanced online bingo market in the world, followed by Spain in the European area, he says growth in online bingo could still be affected by continuing protectionist policies by some key European countries. Even so, news of growth in the online bingo sector is welcome news in the context of continuing economic slump that is affecting all other areas of the gambling industry.
Saumarez-Smith quotes Al Haig-Thomas, CEO at bingo online games software company Virtue Fusion as saying that there will continue to be opportunities for growth in Europe over the next couple of years and that South America and Asia may also provide growth for the industry over the next five to eight years.
“We have several clients planning launches in Spain in the next three months and also new sites in Denmark, Sweden and Ireland,” said Haig-Thomas in the article. “All are undeveloped markets that have a history and culture of bingo halls, so you would expect them to follow the U.K. market in terms of growth.”
