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Bingo.com returns to profit as operating expenses halved

16th August 2011 8:26 am GMT

Bingo.com Limited has reported a 3 per cent increase in total revenues to US$363,492 for the second quarter of 2011, while significantly reduced operating expenses helped the company record its first quarterly profit in five years.

Gaming revenues increased by 6 per cent to $352,314 as the company benefited from a targeted television marketing campaign, while advertising generated a further $11,079 in revenues during the quarter, down 46 per cent year-on-year.

Bingo.com reduced total operating expenses by [...]

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