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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 :
Keimo Suominen Wins MPNPT Tallinn 2017 Main Event -
Finnish online qualifier Keimo Suominen has taken the mantle of MPNPT Tallinn Champion from last year’s winner Ranno Sootla, winning €45,200 after a heads up deal with Davis Modans. They’d outlasted a field of 534; the total prize pool reached €258,990 – well over its €150,000 guarantee.
14 Left in MPNPT Tallinn Main Event -
All 14 players who have made it to the end of Day 2 in the MPN Poker Tour Tallinn Main Event can now consider themselves to have officially run deep.
Day 2 of the MPNPT Tallinn Main Event -
Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
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