LONDON, March 26, 2020
The report highlights a wealth of statistics about the online community including demographics, spending and playing habits, as well as perceptions of regulation
LONDON, March 26, 2020 /PRNewswire/ -- WhichBingo, the UK's number one, independent online bingo reviews website owned and operated by XLMedia, today issued its fifth annual online bingo report outlining the state of the UK's online Bingo market. The report highlights a wealth of statistics about the online community including demographics, spending and playing habits as well as perceptions of regulation. The impact of regulatory headwinds on the industry revealed that the majority of users want responsible gaming tools that abide by regulations and safeguard their experience.
In 2019, regulatory changes imposed on, and operator-led initiatives taken by, the online gambling industry limited advertising windows, established tighter money-laundering prevention requirements, and enacted more stringent checks aimed at preventing a rise in problem gambling. As a result of these checks, bingo operators focused yet further on consumer needs and safety, which had a positive response from users. The most popular feature utilized was establishing spending limits, with seventy percent of those surveyed relaying that they had now set-up deposit limits to ensure they played responsibly.
"We are confident that the success and popularity of online bingo will continue to grow throughout 2020," said Stuart Simms, CEO of XLMedia. "The emphasis placed on producing quality content and providing value for our users has been at the core of WhichBingo's success in 2019. In 2020, we will be doubling down on this approach, as well as actively harnessing artificial intelligence and machine learning to further personalise the bingo experience. We will also continue to help brands adapt and meet new guidelines as further regulation in the market helps create long-term sustainability and greater profitability, and an enhanced overall experience for users."
Key findings of the report include:
The full report can be downloaded from the WhichBingo website here.
Launched in 2000, WhichBingo.co.uk is the largest independent online bingo review site in the UK. Well-known for being the first for new online bingo site reviews, WhichBingo publishes thousands of player reviews, and has won numerous industry awards, including EGR's Best Bingo Affiliate, Best Gaming Review Site, and Best Gaming Community; iGB's Best Bingo Website and Best Bingo Affiliate; and Online Bingo Summit's Best Bingo Portal. WhichBingo is owned and operated by XLMedia.
About XLMedia PLC
XLMedia is the market-leading performance publishing group, publicly traded on the AIM London Stock Exchange. XLMedia creates shareholder value through performance marketing, delivering reliable growth through sustaining core assets, generating quality content and structured investment in new early stage territories and business verticals. XLMedia owns and operates diversified digital publishing assets across a wide variety of verticals including personal finance, tech, sports betting and more. The company's proprietary technology produces a personalized experience, enhancing consumer engagement throughout its' thousands of owned and managed web assets in over 18 languages. Founded in 2008, XLMedia is headquartered in London and operates in over 20 different markets. To learn more, visit https://www.xlmedia.com/.