What About Offline Bingo Companies?
There has been a lot of talk about the impact that the changing nature of society and online bingo is having on traditional bingo halls. It is fair to say that bingo halls were in decline before the emergence of online bingo but the growth of the gaming sites has exacerbated the drop off in figures that many online bingo halls were seeing. The only thing is, it is not just the bingo halls that have been suffering from the drop off in people going out to play bingo. Companies that manufacture bingo cards, bingo dabbers and all of the other accessories are likely to struggle because the same demand is just not there for their products.
Predicting bingo success is difficult
There is often a lot to be said about the businessmen and women who can look ahead and see a change coming. These are the people who manage to stay ahead of the pack. There are troubling times when it comes to being an innovator as well but in the long run, if you are able to stay ahead of the pack as opposed to reacting to what is happening in the industry, you are always likely to give yourself a chance.
A perfect example of this can be found in Phil Cronin. Phil worked for the company Edward Thompson which was a successful paper printing product. The firm produced many different products including stationery and ballot papers but in the late 80s, it started to move into printing bingo cards. This was still a lucrative time for bingo halls but with the emergence of the internet and online gaming, many were predicting that a change was on the way. The firm had been in Phil’s family for five generations but he was to make a bold move when he left, initially setting up an interactive games firm which had links to the products that the family firm was selling. In 2000, Phil set up a number of sites based around the Tombola name but suffered difficulties at first. Of course, all bingo fans know the success story of the Tombola Bingo brand and this started to fall into place in 2006 when Phil paired up with a major newspaper firm and pushed the company forward.
Phil has recently been hailed as the Durham And Wearside Business Executive of the Year, which just goes to show what you can achieve if you have the foresight to look into the future and make predictions.