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RECORD HALF YEAR RESULTS FROM 888.COM
The Gibraltar-based online gambling group 888.com released its H1 2008 numbers this week, basking in the achievement of record half year results and its seventh consecutive period of quarter-on-quarter growth.
CEO Gigi Levy reported pre-tax profits up 39 percent to $26.3 million during the six month period to the end of June, compared with the $18.9 million recorded in the same period last year. EBITDA was up 63 percent to $28.3 million from $17.4 million and operating income surged 40 percent to $135.4 million, well up from the 2007 H1of $96.8 million.
The company reported a 36 percent rise in net gaming revenue to $131.5 million (H1 2007:$96.8 million).
Applauding his company's innovative strategies, CEO Levy said the firm had achieved record half-year results and a seventh consecutive period of quarter-on-quarter growth.
"Revenue from our core operations has been boosted by the successful launch of 888ladies and 888sport, and our addition of over 1 000 best-of-breed games will help increase revenue further”, he said.
Prospects for the third quarter look good, Levy concluded, with new products and business-to-business initiatives and stronger activity on the Pacific Poker operations following the seasonally quieter summer months.
“Given current trading, the continuous growth in our emerging offerings, our successful ‘B2B’ business, and our clear business strategy, we remain confident of delivering future growth in 2008,” he said.
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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