888 Report encouraging results
25th November, 2008
888 Holdings are one of the gaming industries largest online operators offering players poker, casino, bingo and sports betting products. Net gaming Revenues increased from $53 million last year to $66 million this year.
Figures across the board were impressive with numbers of casino and poker players increasing 3% now standing at 216,727.
Results also showed net revenue in the first 9 months of the year were up a massive 31 % from $151 million in 2007 to $197 million this year.
Gigi Levy, Chief Executive Officer for 888 said in a statement, “We have delivered another quarter of solid performance, which was impacted by the global economic crisis and the extreme volatility in exchange rates"
“Our underlying business remains as solid as ever as demonstrated by the constant deposit size by local currency.
“Despite external adverse economic conditions we are confident in our business model and strategy. Our firm foundation of business-to-consumer earnings will be complemented by our growing business-to-business line of business, which will be an increasingly large contributor over the medium-term.'
By Jamie
