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Bingo Bingo Faces Danger of Closing

Bingo Bingo Charities Association has requested that the alcohol and gaming commission allow its owners to change the proceeds pay out ratio, which currently stands at 60% going to non profit organizations and 40% to Bingo Bingo's profits. Bingo Bingo's income for 2005 is estimated to reach $300,000, which is a whopping 25% less than in 2004.

More players have decided to spend their cash in the casinos this year, thus despoiling much of the bingo hall's income. In addition, operation costs have gone up, causing the dramatic shrinkage in profits.

Although the request has been made, the ratio that Bingo Bingo is seeking has yet to be set.

Source: Dot-Bingo News Writer

Saturday, 15 October 2005

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