The Global recession seems to have left no stone unturned. From Northern Rock to Lehman Brothers and from Dubai to Bingo!
The online bingo world was in turn to take a taste of its mighty punch this week as a few prominent names in the industry have shut their doors to their online members.
Interactive Playnet, which powered games such as Rainbow Bingo, Exotic Bingo, Fun Bingo, Comedy Bingo and a few others, has this week ceased all of its operations leaving not only their players but also licensees and affiliates out in the cold!
To many industry insiders this was widely anticipated, seeing how many of the newcomers to the industry try to attract new members by offering ridiculous amounts of bonuses, huge prizes and spending millions on marketing at a time when bingo players are playing on the tightest of budgets.
Luckily for all existing members of Interactive Playnet however, you do also have the Big names in the industry who are ready and waiting for just such an opportunity to arise, come in and take over.
In Interactive Playnet’s case, Bingo Entertainment Ltd., one of the oldest and most successful names in the online bingo industry, operating since 1999, came to the rescue by merging Interactive Playnet’s accounts into one of their games databases and securing all players funds.
Richard Chambers, CEO of Bingo Entertainment Ltd: “It is sad when you see something like this happen. Being one of the first online bingo operators, I have seen many, and I do mean many, bingo operations come and go during my 11 years in the business. Some have been fraudulent and others as is the case with Interactive Playnet, a simple issue of mismanagement.”
“Our Policy at Bingo Entertainment Ltd has always been slowly but surely. We don’t go over our heads and we always try and maintain all of our departments in-house. This gives us more control of our developments and operations at a much lower cost. It is this approach that has kept us way above our competitors and I am sure will do for many years to come.”
Lets just hope that all such cases have a happy ending as Interactive Playnet’s has!