Credit Crunch Bingo
Live bingo is starting to face more and more problems due to the current economic crisis and credit crunch. The increased living costs which people are having to put up with is resulting in less disposable income for leisure activities and therefore lower turn outs at live bingo venues. Mecca Bingo are supposed to have been hit very hard with a 23 percent decline in revenue over the last 6 months. However they have recorded a rise of 14 percent in their online revenue figures. Credit crunch bingo really means that people are choosing to play online and not at live venues.
Other big names in the bingo industry are starting to record lower and lower turnouts every week as people start to cut their night at the bingo to pay for rising gas and electricity bills. The massive price hike in the cost of household bills is thought to be a main contributing factor to the decline in live bingo attendance as well as the extra cost of food and fuel. Again companies like Ladbrokes Bingo are capitalizing with higher numbers turning out online everyday!
Credit Crunch Bingo – Petrol Prices
The fact that petrol and diesel prices are going through the roof is again forcing people to allocate more of their monthly income just getting themselves to work and back. In turn this is putting the crunch on their wallets and with it the enviable decline in their leisure activity. Even though government efforts have been put in place to reduce the cost of fuel the impact has not been great enough to free up substantial amounts of disposable income for the average home. Families with children have been reported hardest hit as monthly expenditure has to be allocated to food shopping and living expenses.
Remember that people also need transport to get to and from bingo halls which in itself is going to cost money in fuel and getting the bus or a form of pubic transport has become equally expensive. This coupled with the new smoking ban which also hit most bingo halls pretty hard has resulted in people deciding to stay at home and save money for more important household requirements.
A Big Move Online
People are transferring from their usual live bingo games to bingo games on the internet and who can blame them when sites like Foxy Bingo are offering the opporuntiy to win gaurenteed credit crunching jackpots everyday. They don’t have to pay to get there or pay for drinks and food whilst out. Instead they can sit at home on their personal computer and play a few hours of bingo for relaxation knowing that their aren’t stretching the family budget by doing so. The rise in online bingo and decline in live bingo is not solely down to the credit crunch but the current economic climate is leaving bingo lovers no choice! Bingo has always been a popular game and has had a great following among all ages. In some way the online world is keeping bingo at large in the United Kingdom at the moment. Until the economic climate changes people will not start venturing back to live bingo venues.
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