revenue increase thanks to casino games
The second-largest online
gambling operator in the U.K., 888 Holdings Inc., reported
increased casino revenues.
of the biggest online gambling companies, 888 Holdings Inc.,
reported 55% revenue increase in the fourth quarter, thanks to
more gamblers at the online casino. The company, which owns
Casino-on-Net and Pacific Poker, reported sales of $62.8 million
from $40.5 million a year earlier. Fourth-quarter sales from
casino games increased 60% to $35 million, while poker revenue
gained 16% to $21.4 million. Casino and poker sales per
so-called active customer rose 26 percent to $270.
The 2007 was the first year 888 Holdings
did no business with U.S. customers, after the passage of the
Unlawful Internet Gambling Enforcement Act (UIGEA). To stay
liquid in the shrinking market, the gambling operator is adding
sports betting to its portfolio, partnering with Rank Group Plc
and introducing an online casino and betting on sports in Asia.
The shares rose ½p to 132p as trading opened in London.