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Bingo profits drop sharply

Bingo profits drop sharply The Cyprus Shriners used to measure their bingo profits in thousands of dollars. Every night would bring in upwards of $4,000 for the Shriners hospitals. Now they’re lucky to net $1,000 — and more often than not, they lose money, local fundraiser David Gonyea said. “I think it’s getting marginal at this time,” he said as he surveyed a crowd of about 200 bingo players at the Bingo Palace on Thursday night. “We have few options. There are limited ways we can make money. But we may have to stop doing this.”