Newsprint Pricing Continues Unprecedented Increases

Abitibi Bowater, the world's largest producer of newsprint paper, announced significant price increases for the 4th quarter. These price increases will raise costs yet another $60 per metric ton. With this announcement, we will have received fourteen consecutive monthly price increases.

The Vice President of North American Newsprint Sales for Abitibi Bowater, notes that they had hoped for modest increases but are experiencing enormous and continued cost pressures from the US dollar value as well as unprecedented inflation in wood, power and transportation costs (letter attached).

With this rise in the cost of newsprint, as well as increases in other raw material costs, it is inevitable that prices on all bingo paper products will increase. We urge you to share this information with your employees, and particularly, all game operators, so they can begin to make adjustments to their operations now.