31st of March 2011 Author: Glo Wood
What's up behind the curtains?
This week the industry was abuzz with speculations that a famous host of various US-oriented online bingo sites, World Bingo Network (WBN Network) is going through a tough period in terms of cash flow. What seems to have caused the problem, reportedly, was a number of strikes from underground credit card processors, which put WBN in a rather unfavorable position, especially when it comes to the resources it needs to maintain its online bingo operations live.
Speaking of which, this popular network serves some of the highly popular domains, including usabingo.com and desperatehousewivesbingo.com, but it may be in trouble if insider allegations are true, and it does face serious money issues. To make things worse, the company also seems to be left by its affiliate manager, who warned his now former customers of the issues within the company, claiming that funds were no longer available to pay for his salaries and affiliated sites balances.
Regarding all these allegations, a company representative stated: 'We incorporated two new processors - in our continued efforts to cater to US players - but this has also decreased our cash flow (it can take 6-8 weeks for the first settlements to be made).'
Whatever the reason for these issues, it is a strong reason for concern, and the development of the situation will be closely followed in the coming days.
Bingo Software General Bingo News
14th of June 2011
8th of June 2009
21st of January 2019
3rd of January 2019
22nd of November 2018
8th of December 2018
19th of November 2018
20th of November 2018
21st of November 2018
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help About Us Site Map Trusted Portals
LatestBingoBonuses.com © 2006-2019
Enter your email adress:
T&C's Apply. 18+
Do not show this again
You have been successfully subscribed to receive LBB newsletter!