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Bingo.com finishes 2011 on a high but losses remain

22nd February 2012 9:42 am GMT

Bingo.com Limited has failed to avoid its sixth successive annual loss, despite a turnaround performance during 2011 which saw the company post three consecutive quarters of profit.

Total revenues for the fourth quarter soared 251 per cent year-on-year, with gaming revenues up by 295 per cent which the company claimed was due to increased cash game play as a result of its marketing efforts.

Revenues were down 7 per cent however versus the previous quarter due to [...]

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