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888 Holdings plc has posted its Q2-2014 and H1-2014 results

Tuesday August 5,2014 :  888 POWERS ON IN H1-2014 RESULTS
 
Another record-breaking half-year posted by online gambling group.
 
888 Holdings plc has posted its Q2-2014 and H1-2014 results, showcasing another strong performance and a record-breaking half year that has included:
 
* Q2-2014 Group revenue up 15 percent to US$111 million (Q2 2013: US$97 million);
 
* Q2-2014 revenue B2C up 11 percent to US$95 million (Q2 2013: US$85 million);
 
* Q2-2014 revenue B2C Casino up 15 percent to US$53 million (Q2 2013: US$47 million);
 
* Q2-2014 revenue B2C Poker modestly up 2 percent at US$23 million (Q2 2013: US$22 million);
 
* Q2-2014 revenue B2C Bingo up 17 percent at US$12 million (Q2 2013: US$10 million), a marked recovery;
 
* Q2-2014 revenue B2C Emerging Offering rose 15 percent to US$7 million (Q2 2013: US$6 million);
 
* Q2-2014 revenue B2B up 37 percent to US$16 million (Q2 2013: US$12 million), driven by US operations and Bingo;
 
* Another record Group performance in H1-2014, where revenue increased 13 percent to US$225 million (H1 2013: US$200 million);
 
* As at 30 June 2014, 888 Group had 16.8 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 17 percent from 30 June 2013;
 
Brian Mattingley, 888's group CEO, said:
 
"I am pleased to report that 888 has delivered another strong performance in the second quarter which, in combination with our very good start to the year, has once again resulted in record-breaking revenue for H1.
 
"This outcome has been driven by strong performances across both our B2C and B2B lines of business and is testament to our exceptional brands, technology, marketing and CRM systems. Whilst the outcome for the full year will be dependent on trading in the second half, we continue to look forward with confidence as we further develop the business."
 
Active customer split in the second quarter was as follows:
 
* Active customers B2C Casino and Poker at 579,000 (Q2 2013: 535,000), an increase of 8 percent;
 
* Active customers B2C Casino at 200,000 (Q2 2013: 186,000), an increase of 8 percent;
 
* Active customers B2C Poker at 459,000 (Q2 2013: 410,000), an increase of 12 percent;
 
* Quarterly revenue B2C per active Casino and Poker customer was US$131 (Q2 2013: US$129), a 2 percent rise;
 
* Quarterly revenue B2C per active Casino customer was US$267 (Q2 2013: US$250), a 6 percent rise;
 
* Quarterly revenue B2C per active Poker customer was US$50 (Q2 2013: US$55), a 9 percent decline;
 
 
888's half year KPIs include:
 
* Group revenue up 13 percent to US$225 million (H1 2013: US$200 million);
 
* Group B2C revenue up 9 percent at US$193 million (H1 2013: US$177 million);
 
* Revenue B2C Casino up 14 percent at US$108 million (H1 2013: US$94 million);
 
* Revenue B2C Poker up just 3 percent at US$48 million (H1 2013: US$47 million);
 
* Revenue B2C Bingo up 9 percent at US$24 million (H1 2013: US$22 million);
 
* Revenue B2C Emerging Offering up 6 percent at US$13 million (H1 2013: US$14 million);
 
* Dragonfish B2B revenue was up 40 percent to US$32 million (H1 2013: US$23 million);
 
CEO Mattingley reported that current trading entering the third quarter has continued strongly, with revenue during July 2014 more than 15 percent higher than July 2013.
 
As at 1 August 2014, the Group had US$118 million of cash and cash equivalents and US$56 million liabilities to customers.

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IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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