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888 NGR UP 23 PERCENT

Gibraltar-based online gambling group 888 Holdings plc has turned in another positive third quarter result, presenting a rise in net gaming revenue of 23 percent to $66 million despite the worsening economic conditions. Online poker revenues remained stuck at last year's Q3 figure of $19 million, but casino NGR reached $34 million, up 18 percent. while NGR from emerging offerings such as bingo rose 121 percent to $12 million.
 
Operating income for the quarter was up 24 percent at $68 million.
 
Operational highlights included the launch of the Littlewoods online offering under a strategic partnership with Sportech (see previous InfoPowa reports). Pacific Poker was also augmented by the introduction of four new languages, while 888 also ran a successful UK bingo TV campaign, and launched 888sport in Germany and France. The period saw a number of new games integrated onto the 888 platform.
 
888’s Q3 performance boosted cumulative NGR for the nine months to 30 September by 31 percent to US$197million, with total operating income YTD up 33 percent to $203 million.
 
The company said that trading during the traditionally weaker summer months of July and August was solid with total operating income in August growing above July's level. In September, however, global economic conditions and sharp exchange rate movements resulted in lower turnover than August. However, the company said that trading during the first nine days of November had been better than October, driven by casino and bingo, “...with an increase of approximately 8 percent above October”.
 
Gigi Levy, CEO of the group said: “Our underlying business remains as solid as ever, as demonstrated by the constant deposit size by local currency. Despite external adverse economic conditions we are confident in our business model and strategy. Our firm foundation of B2C earnings will be complemented by our growing B2B line of business which will be an increasingly large contributor over the medium term. We look forward to delivering growth this year and beyond."



Gambling News :

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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