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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 :

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

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