Poker.co.uk

Poker Info
DATE: May 26 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Tuesday 19th February 2008

888 Holding’s Revenues Rise

Online gaming company 888 Holdings has announced a rise of 55 percent in fourth quarter revenues thanks to a sharp increase in the number of female gamers.

In addition, the Gibraltar-based firm stated that its new bingo service at 888ladies.com offering game tutorials and chat tools is seeing 'hundreds of new customers' sign up every day.

Revenues climbed to $62.8 million from $40.5 million a year earlier and $53.4 million for the previous three months while casino and poker sales per each active customer rose 26 percent to $270. 888 Holdings also reported that fourth quarter sales from casino games increased 60 percent to $35 million with poker revenues rising 16 per cent to $21.4 million the first quarter of this year. Finally, the firm stated that 2008 had started strongly with a rise of 17 percent in new daily casino and poker players.

'This is a transformational year,” said Gigi Levy, Chief Executive for 888 Holdings.

“These are very good results that we think show our strategy is delivering.'

This is 888 Holding's first full year of trading without any dealings in the United States following the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) barring foreign online betting sites and has seen the company explore new income streams to cover the loss of revenues.

The company has also launched the World Poker Crown, a poker tournament with a three million dollar guaranteed prize, handicapped sport betting for Asia, LuckyAcePoker.com and WinkBingo.com.

�

Source: OnlineCasinoNews

View Similar Stories
888 Reports Rise in Pre-tax Profits
Profit rise for PartyGaming
Online Casino Firm’s Revenues Soar

Discuss this story in the Poker Forum. Last 5 Posts:
Saturday 26^th May, 2012: WSOP Fantasy Draft 2012
Saturday 26^th May, 2012: New Bap - Day 3
Saturday 26^th May, 2012: Party Poker and William Hill (iPoker) BAP
Saturday 26^th May, 2012: Brag Thread! Post your greatest wins (online or live) here.
Friday 25^th May, 2012: One way poker Swapsies

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.