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STRONG Q4/2010 RESULTS FROM 888 HOLDINGS

Posted 2.7.11 : Boost in growth in Casino, Poker and Bingo :  Merger talks with Ladbrokes still ongoing
 
Online gaming provider, 888 Holdings PLC has released its fourth quarter 2010 and twelve months ending 31 December 2010 results this week.
 
The company confirmed that discussions were still ongoing with Ladbrokes, contrary to media speculation that talks had stalled.
 
888 also announced that an innovative PokerCam product release is imminent which will allow players real-time video streams in real-money poker games.
 
Furthermore, the trading performance of the Wink Bingo business, acquired in December 2009, has been strong and has exceeded the Board's expectations.
 
 
Fiscal Results Include:
 
Q4/2010 Key Performance Indicators (Compared to Q3/2010):
 
-     An 18 percent increase in group total operating Income to $ 71 million :
 
      -     A B2C total operating income of $60 million which reflects a 17 percent increase.  The result attributed to a boost in growth in Casino, Poker and Bingo.
 
            -           Casino $31 million, 17 percent increase
 
            -           Bingo $14 million, 13 percent increase
 
            -           Poker $11 million, 28 percent increase
 
            -           Emerging Offering at $4 million, 12 percent
 
            -           B2B reflects a 21 percent increase of $11 million.
 
            -           Number of active customers B2C Casino and Poker at 283,000, a 71 percent increase driven by product improvement and successful marketing
 
                        -           Casino at 124,000 up 69 percent
                        -           Poker at 201,000 up 74 percent
 
 
2010 Year On Year Key Performance Indicators (compared to 2009) include:
 
-     A 6 percent increase in group total operating income in 2010 to $262 million
      (2009: $247 million):
 
         -  Total Operating Income B2C in 2010 at $222 million (2009: $195 million) reflecting a 13 percent increase
 
            -           Casino at $117 million (2009: $119 million) down 1 percent
                        -           Poker at $38 million (2009: $52 million) down 26 percent
            -           Bingo at $50 million (2009: $11 million) indicates a 370 percent increase
 
            -           Total Operating Income B2C Emerging Offering at US$16 million
(2009: US$15 million) reflects a 12 percent increase
 
         -  Total Operating Income B2B in 2010 at $40 million, reflecting a decline of 21 percent
 
         -  As at 31 December 2010, 888 reports a 23 percent increase in Casino, Poker and Sport real money registered customer accounts to 8.7 million.
 
 
Gigi Levy, Chief Executive Officer, 888 Holdings Plc said:
 
"We are very pleased with the results delivered during the last quarter of 2010 - especially the record 18 percent quarterly sequential growth. Our marketing activities have driven record numbers of players to our sites, and growth was achieved across our business lines. We are particularly encouraged by our Poker business, which showed 28 percent sequential growth.
 
2011 has started well and given that our various business initiatives are progressing as planned we expect to grow the business further during the year."



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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