home casinos play poker play bingo play instant win games gambling news archive forums
- -
Bookmark current page
→ casino
→ online casino
→ online poker
→ poker
  Recommended Sites
  Featured Partner
Gambling Articles
Gambling Experts
News Archive
Contact Us
Bingo Aff Program Gambling News Archive

888 Holdings Trading Within Expectations

European online casino and poker growth helps 888 hold the line despite losses in the United States

Thursday 31st May 2007

At its annual shareholder meeting, 888 Holdings plc announced an ‘encouraging’ start to 2007 after releasing new games and recruiting more customers.

This despite its share price dropping 7 pence to 115.5 pence per share last month following ended acquisition talks with Ladbrokes and the company’s decision last year to pull out of the American market.

Chairman Richard Kilsby told shareholders that these new games would sustain its momentum as it moves into the traditionally quieter second quarter.

'Trading is in line with expectations and we continue to look forward to the future with confidence,' said Kilsby.

The company was among several London-listed gaming groups to close or sell their American businesses after the United States effectively banned Internet gaming in October by passing the UIGEA.

However, 888 fared better than many of its rivals because it had already built up a substantial non-American business and profits increased 55 percent last year as these customers played more online casino and poker games. The company said that it now gets 45 percent of its sales from the UK and 36 percent from the rest of Europe.

888 also raised its research spending to a record $19 million and introduced a new casino game almost every month in the last quarter of 2006 to help rebuild its business. This year has been no different and it has most recently added games including Crazy Blackjack.

Source: OnlineCasinoNews

  • Back to archive index
  • Submit a press release

    Discuss this story in the Gambling Forum. Last 5 Posts:
    Sunday 26th February, 2017:   Horse Race betting
    Friday 24th February, 2017:   Poker Websites
    Thursday 23rd February, 2017:   UEFA Europa League
    Wednesday 22nd February, 2017:   UEFA Champione Leugue
    Wednesday 22nd February, 2017:   Hi - How to make good money online!