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STRONG H1-2012 FROM 888

Wednesday August 29,2012 : STRONG H1-2012 FROM 888
 
Dividend reinstated as internet gambling group surges forward
 
888 Holdings plc has released a strong set of half yearly results, highlighting:
 
* Interim dividend reinstated at 2.5 cents per ordinary share
 
* Revenue up 21 percent to US$186 million (H1 2011: US$154 million)
 
* Revenue B2C up 25 percent to US$164 million (H1 2011: US$131 million)
 
* Revenue B2C Casino up 20 percent to US$83 million (H1 2011: US$69 million)
 
* Revenue B2C Bingo declined 2 percent to US$12.3 million.
 
* Remarkably, revenue B2C Poker up 72 percent to US$41 million (H1 2011: US$24 million)
 
* EBITDA up 81 percent to US$36 million (H1 2011: US$20 million)
 
* EBITDA margin increased to 19 percent (H1 2011: 13 percent)
 
* PBT increase to US$30 million (H1 2011: loss US$15.5 million)
 
* Basic EPS increase to 7.2 cents (H1 2011: 1.0 cents)
 
The company reported increased investment in research and development, and in marketing up at US$13.9 million (H1-2011 US$12.9 million) and US$61.7 million (H1-2011 US$49.9 million) respectively.
 
Expenditure on gaming taxes and duties also rose dramatically to US$5.5 million (H1-2011 US$1.4 million).
 
Brian Mattingley, Chief Executive Officer of 888, commented:
 
“This has been an excellent first half of the year. The tremendous increase in customer numbers caused by the improvements in our product offering has led to these record results, with the highest revenues in the history of 888.
 
"On the back of this performance, the Board has decided to reinstate the interim dividend, while we retain the cash necessary to continue growing the company.
 
"The second half of the year will see increased investment in Spain, where we will attempt to build on our impressive market share, and also in the United States, where we are preparing for regulatory changes. We will also continue to invest in our technological platform, the cornerstone of our offer, and make improvements to our mobile channel.”

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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