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Richard Wachter, president and chairman of the board of FirstBingo.com, stated, "FirstBingo.com, through the convergence of online and television game play, is taking advantage of a growing global Bingo gaming market, which generates $50 billion annually. In the United States alone, more than 60 million people play Bingo each year. FirstBingo.com has put a creative spin on traditional Bingo, by incorporating trivia into game play, and then allowing online winners to compete on an internationally broadcast game show, currently under development."