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Bingo.com Posts Fourth Successive Annual Loss

25th March 2010 8:00 am GMT

Continuing to suffer from high costs relating to its gaming operations, Bingo.com Limited has posted its fourth successive annual loss for the year ended December 31st 2009, despite a 3% increase in total revenues to US$5.8 million during the period.

Buoyed by strong growth during the fourth quarter of 2009, with total revenues up 17% compared to the previous year, Bingo.com reported a 3% increase in total revenues to $5.8 million.

Gaming revenues generated $5.6 million during [...]

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