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888 turns in another impressive quarterly

Tuesday April 23, 2013 : A GOOD FIRST QUARTER FOR INTERNET GAMBLING GROUP
 
888 turns in another impressive quarterly
 
Online gambling group 888 Holdings plc issued its first quarter 2013 results and its interim management statement Tuesday, reporting another successful quarter and promising business prospects.
 
Q1 2013 Key Performance Indicators to the three months ended 31 March 2013 were:
 
* Group revenue reached a record US$103 million (Q1 2012: US$94 million), an increase of 9 percent year-on-year
 
* Revenue B2C of US$92 million (Q1 2012: US$83 million), an increase of 10 percent year-on-year
 
* Revenue B2C Casino US$48 million (Q1 2013: US$42 million), an increase of 13 percent year-on-year boosted by the launch of slots in Italy
 
* Revenue B2C Poker US$24 million (Q1 2012: US$21 million), an increase of 15 percent year-on-year driven by successful winter marketing campaigns
 
* Revenue B2C Emerging Offering US$8 million (Q1 2012: US$6 million), an increase of 27 percent year-on-year driven by stronger sport betting margins
 
* Number of active customers B2C Casino and Poker at 634,000 (Q1 2012: 566,000), a 12 percent increase year-on-year
 
* As at 31 March 2013, 888 had 13.8 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 23 percent since 31 March 2012
 
Brian Mattingley, CEO of the 888 group, said:
 
"These are a fantastic set of results across all key metrics. Our excellent product offering, supported by our constantly innovative marketing and CRM capabilities, has helped us to deliver consistent growth and has positioned us well to take advantage of positive regulatory developments."
 
Breaking the results down, performance looked like this:
 
B2C
 
* Revenue B2C at US$92 million (Q1 2012: US$83 million), an increase of 10 percent
 
* Revenue B2C Casino at US$48 million (Q1 2012: US$42 million), an increase of 13 percent
 
* Revenue B2C Poker at US$24 million (Q1 2012: US$21 million), an increase of 15 percent
 
* Revenue B2C Bingo at US$12 million (Q1 2012: US$14 million), a decrease of 12 percent
 
* Revenue B2C Emerging Offering at US$8 million (Q1 2012: US$6 million), an increase of 27 percent
 
* Number of active customers B2C Casino and Poker at 634,000, an increase of 12 percent compared to Q1 2012
 
* Number of active customers B2C Casino at 236,000, an increase of 3 percent compared to Q1 2012
 
* Number of active customers B2C Poker at 474,000, an increase of 17 percent compared to Q1 2012
 
* Quarterly revenue B2C per active Casino and Poker customer was US$113, a 1 percent increase compared to Q1 2012
 
* Quarterly revenue B2C per active Casino customer was US$202, a 9 percent increase compared to Q1 2012
 
* Quarterly revenue B2C per active Poker customer was US$52 a 1 percent decrease compared to Q1 2012
 
Dragonfish B2B performance:
 
* Revenue B2B at US$11 million (Q1 2012: US$11 million), flat year-on-year
 
Management reported on current trading trends, revealing that the second quarter 2013 has started in line with expectations where trading reflects the historical seasonal pattern.
 
Daily average revenue during the first 20 days of April was more than 3 percent above April 2012, and performance continues to be led by core online casino and poker products, with increases in customer deposits, bets and first time depositors.
 
As at 19th April 2013 the 888 group had US$89 million of cash and cash equivalents and US$50 million liabilities to customers.

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Gambling News :

More Computers Smashed in Online Gambling Raids - More computers seized in police online gambling raids were trashed Monday when the Serdang police destroyed 1,312 machines to keep them out of circulation.

2017 Aussie Millions Event 1 - The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.

Swiss Reject idea to Block Gambling Websites - The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.

Growth Ahead For Online Gambling - Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.

New Qubit software For SkyBetting - #qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.

Slotfather II Slot Launching - #betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..

Massachusetts Online Lottery Bill - Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.

Italy Doing Well With Online Sports betting - The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.

Michigan To Reintroduce Online Gambling Bill - #Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.

MGM Buys DC office building For lobbying team - #MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.

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