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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)
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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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 -
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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.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
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MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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