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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.



Gambling News :

Box 24 Launches 3 New Slots - This week sees the addition of 3 New Games at Box24 Casino. Check them out they all seem pretty interesting.

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

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