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888 CHIEF SPEAKS ON U.S. AMBITIONS
Tuesday, May 1,2012 : 888 CHIEF SPEAKS ON U.S. AMBITIONS
"We're the prettiest girl in town," says chief executive
Brian Mattingley, chief executive of online gambling group 888 Holdings plc expanded on 888's US ambitions in an interview with the poker information site Poker News Monday, saying:
* The company's decision to reverse out of the US market in the wake of UIGEA had been the right strategic move, although it had initially halved revenues. "Through acting in line with local regulations in the markets in which we operate, it facilitates the signing of agreements worldwide. Our decision to exit the U.S. has been vindicated through the receipt of approval of our partnership with Caesars from the Nevada Gaming Commission."
* The extended partnership with American land gambling giant Caesar's Entertainment was a significant step toward participation in a legalised US online poker market, but the collaboration was not exclusive, allowing 888 the flexibility to talk to other potential US partners, which it was doing.
* Mattingley is taking a careful, professional and methodical approach in meeting American requirements; seeking licenses in progressive states like Nevada and negotiating with potential US partners. "We are definitely the prettiest girl in town!" Mattingley said of the company's American positioning in online gambling legalisation terms.
* The strong performance of 888's poker brand over the past year and a half illustrates that it has the right product and platform to drive growth, showing possible US partners that 888 has the capacity to deliver strong and sustained performance.
* The company's plan is to be in a regulatory and commercial position to launch US operations as soon as political initiatives permit it.
* Mattingley remained cagey on reports that 888 was talking to the Trump group, saying only that 888 was engaging with a number of companies, but would not disclose identities until the time was right.
* Recovering from the 2006 exit from the US market has been achieved through constant improvement, expansion and innovation in products, allowing growing involvement in other markets, with bingo, casino and the company's Poker 6 platform important contributors. This has resulted in revenues that are now greater than those achieved when 888 left the US market, Mattingley revealed.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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