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bingo bonanza philippinesBingo Bonanza
An archipelago consisting of more than 7,100 islands, the Philippines is a tropical paradise that has become one of Asia’s most progressive and popular gaming and bingo destinations.Though several domestic and international companies have stepped in to meet market demand, Leisure and Resorts World Corporation (LRWC) has clearly emerged as the number one supplier to the gaming and bingo sectors.AB Leisure Exponent (ABLE) – Bingo BonanzaClearly the dominant bingo operator in the Philippines, AB Leisure Exponent (ABLE) provides professional bingo gaming throughout the Philippines. Doing business as Bingo Bonanza, the company owns and operates bingo parlors bingo bonanza philippines and equipment throughout the country. Their bingo parlors have become community and entertainment centers, a source of revenue for the government, and a sponsor for fundraising activities relating to social and educational programs.Based in Pasig City, the company was founded in 1993 and operates as a subsidiary of LRWC.Electronic Bingo versus Traditional BingoIf financial results are an indication of the public’s preference between the electronic and traditional versions of Bingo, the electronic (E-Bingo) version is clearly the preferred gaming option.In recent financial results, ABLE had experienced an increase in revenues as a result of growing sales of Electronic Bingo (E-Bingo) and Pull Tabs. Reporting on results for the first nine-months of 2014, the company’s revenues came to PHP 3,116.9 million (GBP 44.7 million), which was an increase of PHP 104 million (GBP 1.5 million) from the same period in 2013.These improved results reported in September 2014 were due chiefly to a 16% increase in E-Bingo and 176% increase in Pull Tabs — partially offset by a 6% decrease in Traditional Bingo, and a 22% decrease in Rapid Bingo.With it’s continued success with E-Bingo, Reynaldo P. Bantug, CEO of LRWC has stated the company bingo bonanza philippines will continue to “focus on expanding our bingo sites as well as the continued roll-out of the electronic variants of our bingo games, which have contributed to the net income increase in our AB Leisure subsidiary.”In his statement at LRWCs a……
