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Q3-2012 Earning Report For 888

Wednesday October 17, 2012 : Q3-2012 RELEASED BY INTERNET GAMBLING GROUP 888
 
Group revenue up 7 percent year-on-year to $92 million; EBITDA on course to be ahead of expectations
 
Online gambling group 888 Holdings plc published its Q3-2012 results Wednesday, highlighting the following indicators:
 
* Group revenue $92 million (Q3 2011: $86 million), an increase of 7 percent year on year
 
* Revenue B2C U$80 million (Q3 2011: $74 million), an increase of 8 percent year on year
 
* Revenue B2C Casino $38 million (Q3 2011: $37 million), an increase of 2 percent year on year
 
* Number of active customers B2C Casino at 158,000, a decrease of 21 percent compared to Q3 2011
 
* Quarterly revenue B2C per active Casino customer was $241, a 29 percent increase compared to Q3 2011
 
* Revenue B2C Poker $22 million (Q3 2011: $18 million), an increase of 21 percent year on year
 
* Number of active customers B2C Poker at 349,000, an increase of 14 percent compared to Q3 2011
 
* Quarterly revenue B2C per active Poker customer was $63 a 6 percent increase compared to Q3 2011
 
* Quarterly revenue B2C per active Casino and Poker customer was $133, a 5 percent increase compared to Q3 2011
 
* Revenue B2C Bingo at $13 million (Q3 2011: $13 million), stable year-on-year
 
* Revenue B2C Emerging Offering U$7 million (Q3 2011: $5 million), an increase of 27 percent year on year
 
* Group revenue during the first three quarters of 2012 at $278 million (2011: $240 million), an increase of 16 percent
 
* Number of active customers B2C Casino and Poker at 454,000 (Q3 2011: 442,000), a 3 percent increase compared to Q3 2011
 
* As at 30 September 2012, 888 had 12.5 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 24 percent since 30 September 2011
 
* Revenue B2C Bingo at US$13 million (Q3 2011: US$13 million), stable year-on-year
 
* As at 12th October 2012 the Group had $81 million of cash and cash equivalents, and $46 million liabilities to customers.
 
On the B2 front, the Dragonfish subsidiary reported a largely unchanged year-on-year quarter with revenues at $12 million.
 
Group results for the nine months to 30 September 2012:
 
* Revenue up 16 percent to $278 million (2011: US$240 million)
 
* Revenue B2C up 19 percent to $244 million (2011: $205 million)
 
* Revenue B2C Casino up 14 percent to $121 million (2011: $106 million)
 
* Revenue B2C Poker up 50 percent to $63 million (2011: $42 million)
 
* Revenue B2C Bingo down 2 percent to $40 million (2011: $41 million)
 
* Revenue B2C Emerging Offering up 23 percent to $19 million (2011: $16 million)
 
Dragonfish nine months:
 
* Revenue B2B down 2 percent to $34 million (2011: $35 million)
 
Brian Mattingley, 888 Chief Executive Officer, said:
 
“Our core business has continued to perform well during the quarter, with our targeted marketing campaigns contributing towards our on-going success and Spain out-performing our expectations.
 
"The final quarter has started positively with average daily revenues more than seven percent. ahead of the strong Q4 2011. A disciplined approach to our costs, and our analytics driven marketing spend proving highly efficient, means we now expect our EBITDA for the full year to be significantly ahead of current market expectations.”

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Gambling News :

Alegriabet Finally Launches - Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

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