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Bingo.com European Expansion plans

Bingo.com have started the ball rolling on their expansion plans. This week, they announced they have closed a private placement of two million shares priced at $0.30 each, contributing to net proceeds of over $600,000.

The aim is to expand beyond the UK. Tarnie Williams, CEO of Bingo.com said "In the near future, we will be launching a Spanish version of our website and allowing players to deposit in various different major currencies. These initiatives will enable Bingo.com to continue to grow and expand its market share."

Bingo.com were a major player in the US Gambling market before the Unlawful Internet Gambling Enforcement Act was introduced in the United States. Due to the passing of this bill, they had to focus their efforts elsewhere. The UK becoming their main focus.

As most online gambling companies, Bingo.com are still struggling to get their profits up due to the US Gambling crash.

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