Since its arrival on the world stage during the early 1990’s, the online bingo industry has been a major web power house that has seen growth which has amazed even the most reserved analysts in both the gaming and web site market segments. With earnings coming at over $1 billion in the past year alone, it has become clear that the industry’s growth will be radically faster than many had believed at the outset. The apparent trend towards a very high level of gamers playing at any given time of day or night has lead experts to predict that by 2012 the industry itself will be pulling in well over $2 billion per year, a figure that was unthinkable just a few short years ago. Much of this has to do with the huge jackpots that have come to be a regular state of affairs at many of the more popular online bingo parlors on the web today.
One of the major proponents of the industry’s growth is the CEO of Virtue Fusion, Bob McCulloch. His company was recently bought out by mega bingo developer Playtech at a soaring cost of over 36 million pounds. At the Online Bingo Summit set to take place in the summer of 2010, plenty of industry high ranking company leaders will be on hand and many of them are predicting big mergers between multi million dollar companies that are going to re-shape the bingo world on the web as we know it today. Most analysts still believe that the market itself has not even reached its full potential in terms of customer coverage.
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