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888 Revenues Dropping

11/10/09 - 888.com's b2b subsidiary Dragonfish performed sufficiently well to limit a decline in Q3 revenues at the online gambling group, but Management still posted a drop of 10 percent compared to Q3, 2008.
 
The company's interim management update this week reported financial highlights as:
 
* Total Operating Income US$61million during the historical seasonally quiet summer period
 
* Total Operating Income B2B (Dragonfish) at US$13 million  
 
* Total Operating Income B2C at US$48 million, mainly from casino performance.  
 
* Total Operating Income B2C Emerging Offering at US$6 million, a 44 percent increase compared to Q3 2008
 
* Total Operating Income B2C Emerging Offering during the first three quarters of the year at US$18 million (2008: US$9 million), a 99 percent increase
 
* Total Operating Income B2B during the first nine months of the year of US$37 million (2008: US$28 million), a 32 percent increase
 
* Quarterly Total Operating Income B2C per active Casino and Poker customer was US$248.
 
* Growth continued into Q4 with more than 8 percent increase in average daily revenue compared to Q2 2009.
 
Operational Highlights included:
 
* Pioneering GBP 8,888,888 Pirates Millionaire free spin slot machine launched in UK, coupled with TV campaign (see previous InfoPowa report)
 
* Dragonfish B2B deal with Harrah's announced in September, progressing on track to launch the WSOP and Caesars online casino and poker brands by next week
 
* Dragonfish launched poker and casino in the Balkans and signed an agreement with Tsogo Sun Gaming Group in South Africa
 
* Moon Bingo launched as a new standalone bingo network following the success of the skin on the Dragonfish network
 
Commenting on the results, chief executive Gigi Levy said: "We are pleased with the results achieved during the third quarter. Our B2C business showed resilience during the historical seasonally weak summer period and Dragonfish has continued its impressive growth. With Harrah's set to launch in coming days and a strong pipeline, we remain confident of reaching our targets.
 
"We are particularly pleased with the 99 percent growth achieved in our B2C emerging segment during the first three quarters of the year. Whilst Poker remains challenging the B2C business showed resilience during the third quarter. The fourth quarter started well and given that our various business initiatives are progressing as planned we expect to grow the business further during the year."
 
Investment in 888's offering continues, the statement reveals. The Casino client was released in three new languages, a new no-download Casino was introduced integrating, for the first time, the successful live dealer offering. In addition, 20 new games were added including the branded Cluedo, Cleopatra and Hulk Games. In Bingo 888 completed a new integration platform allowing rapid game deployment with 11 new side games already integrated, including the successful "X-Factor" product.
 
The group has approximately US$105 million cash equivalents (of which approximately US$35 million represent liabilities to customers) and has no debt.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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