Top Ten issues profit warning - Online bingo news
Land-based bingo operator Top Ten Holdings is the latest bingo gaming company to issue a warning that its full year profits are now expected to be below previous market expectations.
The company blamed the result on a fall in bingo club admissions and the recently implemented UK smoking ban. The UK's new Gambling Act was also cited as a contributing factor.
Top Ten currently runs 43 bingo clubs and operates an online bingo hall franchise. Its interim results to end-September will be announced at the start of November.
In other related news, rival bingo company Rank saw its shares fall for a second day due to its announcement that its profits will also suffer due to the change in the UK’s smoking and gambling laws.
Free online bingo has not been affected by the smoking ban and continues to experience growth as a niche sector in the UK online gaming market.
Written by John Witherspoon – Become a part of a great online bingo community. Play online bingo chat games at BingoStreet.com
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