888 says second quarter bingo profits disappoint

888, the operator of 888Ladies and Wink Bingo and software provider to Foxy Bingo, Think Bingo, Cheeky Bingo and many more bingo sites, said that second quarter revenues has been disappointing.
A stock exchange announcement said that “Q2 Trading to date has been disappointing in casino, poker and bingo…during the first 25 days of the quarter daily average revenue was approximately 13 per cent below the Q1 average.” Some of this can be attributed to seasonal slowdowns which are expected but analysts said the drop was likely to be down to poor operating performance as well.888 has suffered from increased competition, both in its consumer facing brands which mainly consist of casino and poker, but also in its business to business offering in which both Playtech and Party Gaming have emerged as fierce competitors.

Prime Gaming and Dragonfish in Bingo deal

Dragonfish has signed a deal with Prime Gaming to provide them with a comprehensive bingo solution for two new networks set to be launched soon. The separate bingo networks will target the UK and European online bingo markets respectively.Prime Gaming already operate some famous online gaming brands such as Prime Scratchcards, Prime Casino and Prime Poker. Dragonfish offers complete bingo solutions to some major sites and will offer Prime Gaming the same standard of service.As part of the deal, Dragonfish will provide chat moderators, e-Payment systems, customer care and hosting and technology services. The company will also provide Prime Gaming with various side games, including; slots, blackjack, virtual sport and scratch cards.
As well as this deal which sees Prime Gaming launch two standalone bingo networks they have recently launched a site on the Dragonfish bingo network at www.bingoyard.com.

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