Recession? What Recession?

Posted on November 2nd, 2009

It goes without saying that we are in the midst of the worst recession since the great depression of the 1930’s and millions around the globe have suddenly found themselves unemployed. Since the beginning of the recession in the fall of 2008 monthly job losses in the US have averaged about 200,000 per month. The recession has caused a drastic change in consumer spending habits on both sides of the Atlantic. Household budgets have been pared to the bone and people are seeking inexpensive home based entertainment.

Changes in consumer spending habits have created a recession proof industry—internet bingo. In the UK the national smoking ban sounded the death knell for many traditional brick and mortar bingo operations. Bingo giants Mecca and Gala suddenly found themselves with partially filled bingo halls. While land based bingo providers reported dismal business their online counterparts reported just the opposite. A recent report by the UK Gambling Commission stated that the number of land based bingo providers in the UK has fallen from 2224 to 2166. The decline in small bingo operators leaves giants Gala and Mecca with 40% of the land based bingo market in the UK.

Internet bingo providers have reported a large increase in business in countries that have passed national smoking bans. Internet bingo providers do not have the expenses of a brick and mortar operation and consequently can offer a wider variety of games and much larger jackpots and bingo bonuses. In addition the UK has licensed most internet bingo operators for the protection of the UK consumer.

Increased consumer protection and free bingo bonuses have attracted a large number of new players to internet bingo. Most bingo sites now offer a bingo deposit bonus in addition to a bingo sign up bonus. Increased bingo bonuses help players to stretch those hard earned bingo dollars and pounds. Players can now go on the internet and shop around for the best bingo bonuses and games. Larger bingo bonuses have contributed to the popularity of internet bingo.

Internet bingo is the perfect solution for people strapped by the current recession. There are no travel expenses, entrance fees, parking charges, and there is no need for mothers to pay a babysitter. Internet bingo providers are now using cutting edge technology to make the internet bingo experience as exciting as the live version of the game. This has created a recession proof online industry. Recession? Not for internet bingo!