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POSITIVE CASINO AND BINGO ACTION IN Q.2 RESULTS FROM 888

Quarter 2 revenues at 888.com were boosted by casino and other games offerings, according to a statement from the Gibraltar-based online gambling giant this week.
 
Key performance indicators include a 36 percent increase in total operating income to US$69 million (Q2 2007 $51 million), and net gaming revenues up 33 percent to US$67 million (Q2 2007: US$50 million).
 
Online casino action was an important contributor to group results, with NGR climbing 27 percent to US$35 million, whilst net gaming revenues from bingo and other emerging offerings rose a whopping 376 percent to US$12 million. The groups poker results from Pacific Poker were less salubrious, with a 10 percent fall in revenues from Q1 that management attributed to players spending more time weatching the Euro 2008 international football action on television. NGR from the group's poker arm was US$20 million.
 
The company boasts 169 898 active poker players, but revenues per active poker customer during the second quarter declined 9 percent on Q1 to US$116. The number of active casino players rose 1 percent to 77 837. The company had 5.2 million gaming accounts as of the end of June, up from 4.9 million three months earlier.
 
Overall group net gaming revenue for the six months to June 30 was up 35 percent to US$132 million.
 
The group said the third quarter had started well, with average daily net gaming revenues during the first 22 days of July 2 percent ahead of the second quarter.
 
Commenting on the results, 888 chief executive Gigi Levy said: “We are delighted with our Q2 2008 results, especially given that we achieved sequential quarterly growth during a period which is typically seasonally quiet and throughout the Euro 2008 championship. Our various strategic initiatives are progressing well, and given the good start to the third quarter and our clear business strategy, we are confident of delivering future growth during 2008."
 
Operational highlights over the period included a strategic partnership signed in June with Sportech and a white label agreement with PokerDome .



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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