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888 HOLDINGS STILL ON AN INTERNET GAMBLING ROLL

4/24/2012 :  888 HOLDINGS STILL ON AN INTERNET GAMBLING ROLL
 
Strong Q1 results, with online poker performing particularly well
 
The online gambling group 888 Holdings plc has released a strong set of Q1-2012 results, with highlights that include:
 
* Group revenue US$94 million (Q1 2011: US$75 million), an increase of 25 percent year-on-year and a 4 percent increase compared to the strong Q4 2011
 
* Revenue B2C US$83 million (Q1 2011: US$64 million), an increase of 29 percent year-on-year and a 5 percent increase compared to Q4 2011, driven by Casino and Poker
 
* Number of active customers B2C Casino and Poker at 566,000, an 87 percent increase compared to Q1 2011, driven by successful new customer recruitment and marketing initiatives
 
Key Performance Indicators include:
 
Group
 
* Revenue B2C US$83 million (Q1 2011: US$64 million), an increase of 29 percent year-on-year and a 5 percent increase compared to Q4 2011, driven by Casino and Poker
 
* As at 31 March 2012, 888 had 11.3 million in 888Casino, Poker and Sport real money registered customer accounts, representing an increase of 23 percent since 31 March 2011
 
Business to Consumer
 
* Revenue B2C at US$83 million (Q1 2011: US$64 million), an increase of 29 percent year-on-year and an increase of 5 percent compared to Q4 2011
 
* Revenue B2C Casino at US$42 million (Q1 2011: US$33 million), an increase of 26 percent year-on-year and an increase of 2 percent above Q4 2011
 
* Remarkably, revenue B2C Poker at US$21 million (Q1 2011: US$11 million), an increase of 88 percent year-on-year and an increase of 14 percent compared to Q4 2011. Some company restructuring may have ifluenced these numbers.
 
* Revenue B2C Bingo at US$14 million (Q1 2011: US$14 million), a decrease of 5 percent year-on-year and an increase of 4 percent compared to Q4 2011
 
* Revenue B2C Emerging Offering at US$6 million (Q1 2011: US$5 million), an increase of 14 percent year-on-year and an increase of 4 percent compared to Q4 2011
 
* Number of active customers B2C Casino and Poker at 566,000, an increase of 87 percent compared to Q1 2011
 
* Number of active customers B2C Casino at 227,000, an increase of 76 percent compared to Q1 2011
 
* Number of active customers B2C Poker at 405,000, an increase of 83 percent compared to Q1 2011
 
* Quarterly revenue B2C per active Casino and Poker customer was US$112, a 24 percent decrease compared to Q1 2011
 
* Quarterly revenue B2C per active Casino customer was US$185, a 28 percent decrease compared to Q1 2011
 
* Quarterly revenue B2C per active Poker customer was US$52, a 3 percent increase compared to Q1 2011
 
 
Business to Business
 
* Revenue B2B at US$11 million, an increase of 3 percent year-on-year and a decrease of 6 percent compared to Q1 2012
 
 
Current Trading
 
Management reports that trading during the first three weeks of the second quarter continued to be strong, with average daily revenue 1 percent higher than Q1 2012, and 26 percent higher than Q1 2011.
 
"Although we expect to see a return to the historic seasonal pattern as we move through the quarter, given the strength of the business and our continued strategic focus we are confident of further progress during the year," the report notes.
 
As at 13 April 2012 the 888 group had US$72 million of cash and cash equivalents, of which US$46 million represented liabilities to customers.
 
Chief executive Brian Mattingley said: "Our focused strategy has led to another excellent quarter, with ongoing strength in Poker driving March to the highest ever monthly revenues in the history of 888. Poker has continued its robust performance in the early stages of Q2, with our other product areas seeing an expected return to seasonal patterns.
 
"There are significant growth opportunities offered by the liberalisation of new markets, which will take investment to realise. We will continue to invest throughout 2012 in order to build market share."



Gambling News :

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

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