Insider Trading Roundup: Bingo.com Ltd. $SGLDF

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Bingo.com Ltd. (SGLDF) insider have most recently took part in a trading activity. On Dec 21, 2017 Williams Tryon M, Executive Chairman, 10% Owner bought 11,000 shares having total worth of $3,080 at the price of $0.28 per share, following the transaction a total of 19,810,746 shares owned by Williams Tryon M. Before this latest buy, Williams Tryon M purchased SGLDF at 1 other times during the past twelve months, for a total investment of $68,000 at an average of $0.34 per share.

Furthermore, over the past 12 months , the stock was traded 4 times by insiders. an employee of the company was the buyer in 4 instances.

Shares of Bingo.com Ltd. (SGLDF) traded up 3.31% on Dec 21, 2017, hitting $0.41. 38,137 shares of the company’s stock traded hands. Bingo.com Ltd. has a 52 week low of $0.19 and a 52 week high of $1. The company’s market cap is $0 million.

Bingo.com, Ltd. was originally incorporated in the State of Florida on January 12, 1987. The company is in the business of owning and marketing a bingo based entertainment website that provides a variety of Internet games plus other forms of entertainment, including an online community, chat rooms, and more. Located at www.bingo.com, the Company has built one of the bingo portals on the Internet. It generates its main source of revenue from players depositing funds into their Bingo.com account and play games for money. An additional source of revenue comes from selling advertising on the website to other companies who wish to advertise their products to its user demographic. The company obtained a gaming license and commenced gambling operations from Curacao, Netherlands Antilles in May 2005. The Company was granted a license by the Lotteries and Gaming Authority of Malta, and commenced operating under this Maltese license in March 2009. During the year ended December 31, 2010, it joined the Unibet International Limited Partner Program as a network operator of their multi-language and multi-currency bingo and casino system. The Unibet Partner Program provides a complete solution to Bingo.com which includes gambling licenses, multi-language customer support, financial processing capabilities, website technology, bingo games, soft games, casino games and many other services required to operate an online gambling business. In addition, as a member of the Partner Program, Bingo.com is no longer required to secure or maintain any online gambling licenses of its own as the Company is permitted to offer Internet gambling products to its players pursuant to Unibet’s licenses in relevant jurisdictions. The Bingo.com website provides players the ability to purchase bingo cards online for cash, with the winner of each bingo game winning a percentage of the total cards purchased for that particular bingo game. The website is divided into two main sections: the main section is accessible to players from countries where the Company offers its pay-to-play games; and, the second section is focused on a free-to-play offering for the remaining countries. Depending on the pay-to-play or free-to-play section of the website, the Company provides online entertainment content to players consisting of multiplayer bingo games, video poker, casino games and slot machines. In 2012, it generated 97% of its revenue from gaming revenue and 3% of its revenue from the sale of Internet advertising. The company faces competition primarily from other bingo focused websites, such as Maria Bingo, Gala Bingo, Mecca Bingo, Jackpot joy, Sun Bingo and Foxy Bingo.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.