Bingo.com Launches Pay for Play Skill-Bingo
Company Establishes New Revenue Model From Internet Bingo
VANCOUVER, British Columbia–(BUSINESS WIRE)–Oct. 26, 2001– Bingo.com, Inc. (OTCBB:BIGR – news) the pre-eminent online Bingo portal, today announced that it has launched its much anticipated pay for play, patent-pending, Skill-Bingo game at www.bingo.com. The new pay for play Skill-Bingo site will operate in conjunction with the existing advertising-supported Bingo portal.
We’re really excited about the launch of our new Skill-Bingo game”, said Tarrnie Williams, CEO of Bingo.com, ”we want to make Bingo.com the home of Internet Bingo for all types of Bingo games and players. The development of Skill-Bingo is a giant step for us in the pursuit of additional revenue sources and profitability.
Skill-Bingo plays just like regular Bingo, with one main difference. In Skill-Bingo all players receive an identical set of cards. Games are won by the players who daub the numbers correctly, identify a winning Bingo pattern, and call Bingo the most quickly. By structuring the game in this way, Bingo.com removes all elements of chance in the playing of the game. As a result, Bingo.com differentiates itself from the online-casino industry.
In Skill-Bingo, 100% of the prize pool is paid out to participants. Bingo.com charges each player a Network Maintenance Fee (NMF) as low as $0.25 to join a game. Bingo.com intends to license Skill-Bingo to charitable organizations, web portals and other groups looking to raise money through online Bingo, as well as providing it to its own community of over 750,000 members.