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888 holdings plc Q2/2010 interim report

Q2/2010 highlights continuing success of online gambling software group
 
888 Holdings plc has released its Q2/2010 interim report and trading update, showcasing continued success in b2c and b2b activities over the quarter and the year to date.
 
Financial highlights include:
 
• Total Operating Income at US$61 million (Q2 2009: US$61 million), same level as Q2
2009
 
• As at 30 June 2010, 888 had 7.9 million online casino, poker and sport real money registered
customer accounts, representing an increase of 22 percent since 30 June 2009
 
• Total Operating Income B2C at US$52million (Q2 2009: US$48 million), an increase of
6 percent.
 
• Total Operating Income B2C Bingo at US$13 million (Q2 2009: US$3 million), an increase
of 372 percent.
 
• Total Operating Income B2C Emerging Offering at US$4.4 million (Q2 2009: US$4
million) an increase of 11 percent.
 
• Total Operating Income B2B at US$10 million (Q2 2009: US$12 million), a decrease of
24 percent, but a 3 percent increase on a pro-forma basis.
 
• Group Total Operating Income in H1 2010 at US$130 (H1 2009: US$118 million), an
increase of 10 percent.
 
• Total Operating Income B2C in H1 2010 at US$110 (H1 2009: US$94 million), an
increase of 18 percent.
 
The report points to the following Operational Highlights:
 
• Acquisition of Mytopia social games development studio from Real Dice Inc. completed,
extending 888’s reach and market share in the fast growing social networks and smart
mobile devices space
 
B2C
 
• Poker version 6 released following a complete re-coding of the software client with fresh
new look and feel and enhanced features, game play and user experience (see previous InfoPowa report)
 
• Brand new online store launched for poker players where they can convert loyalty points
into a wide range of gadgets and products
 
• Innovative first web-based (no download required) immersive 3D 888 casino launched,
enabling players to play casino games in a virtual world with lobby, roulette, blackjack and
high rollers rooms, with customised avatars
 
Dragonfish
 
• An agreement with Microgame S.p.A. for the provision of a comprehensive casino product
to the Italian gaming market
 
• An agreement with MTV Networks UK & Ireland to provide a bingo product, marking their
first step into online gaming
 
• Extension of existing agreements with Costa Bingo and Moon Bingo
 
• Launch of two new standalone bingo networks, with Cashcade (Rollover Bingo) and
Costa (Sing Bingo). Dragonfish now powers over 20 standalone bingo networks
 
Commenting on the report, CEO Gigi Levy said: “Trading throughout this period has been challenging, impacted by a number of factors including general online poker weakness, adverse F/X and, in relation to Poker and Casino, the World Cup. However, we have seen resilience in our emerging offering, especially Sport throughout the World Cup, and we continue to refresh our B2C offering to attract and retain players.
 
“We made the strategic acquisition of Mytopia late in the quarter, which gives us an immediate footprint in the fast-growing social gaming arena, complementing our core offering and giving us access to millions of new customers.
 
“Dragonfish has continued to win new contracts, such as the casino deal with Microgame in Italy and with MTV, as well as several contract extensions. I am delighted that we have appointed a new managing director to head up the business and, as the industry moves towards a greater emphasis on content and flexible solutions, his experience and contacts will enable Dragonfish to capitalise on the opportunities created.
 
“We see a challenging environment ahead, albeit one with opportunities created as new licensing regimes are implemented. We have been granted a licence in France and have a number of strategic partnerships lined up in Italy for both B2C and Dragonfish, and are optimistic about the future prospects in these markets – though these are likely to take time and investment to come to fruition.
 
“We remain confident in the underlying fundamentals of the business and believe that the transformation of 888 - and the industry - into a gaming entertainment destination regulated in local markets presents significant opportunities for growth.”



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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