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DragonFish Saves Day For 888

3/24/10 - 888.com’s year end results for 2009 were published this week, showing an 18 percent decline in EBITDA, and a welcome boost to overall revenues thanks to b2b division Dragonfish.
 
EBITDA of Euro 33.7 million  at the gambling group was down 18 percent on the year before, but the group’s business-to-business arm grew revenue by 33 percent with a series of impressive deals. 
 
Dragonfish, launched in March last year, recorded revenue of US$51.3 million, up from US$38.6 million the year before in a series of deals with partners that have included Harrah’s Interactive Entertainment, Linden Labs, Bwin Italia, Phumelela, Loper Gate and mobile technology company Probability.
 
Dragonfish shared star status with 888.com’s other top performing subsidiary division handling emerging markets, which boosted revenues spectacularly from US413.8 million to US425.1 million – a rise of 83 percent.
 
888’s total operating income declined 6 percent to US$246.7 million, which Management attributed to the poor economic climate last year and foreign currency fluctuations. Profit before tax dipped 10 percent to US$34.6 million. 
 
Real money registered customer accounts rose 22 percent across the group to number 7.1 million, from 5.8 million last time.
 
In related news, 888.com has apparently fallen foul of the Australian authorities, according to reports in The Australian newspaper.  The Australian Communications and Media Authority told the newspaper that it was investigating a breach of the integrated Gambling Act, confirming to the newspaper that it had received a formal complaint.

"We have had one complaint and our investigation is ongoing. However, we have not closed down the site," the spokesman said, declining to elaborate further on the report or discuss exactly what irregularities were under review. However the site did become unavailable briefly during the day, and this triggered speculation that it had been blocked.
A 888 spokesman described the interrupted service thus: "Unfortunately, the 888 site is temporarily unavailable. At this stage, we do not have an expected time for it to be available, and we unfortunately cannot take bets at this time.
"Once there is further information available, we will post this on the website."

The Australian noted that the chief executive officer of Australian operations for betting exchange Betfair, Andrew Twaits, attacked the site's legitimacy in a blog on March 17 this year. Twaits wrote: "Many of the operators offering online poker to Australians do so under the guise of `.net' or `play for free' sites.

“Once customers are on board, they are `cross-sold' to the illegal play-for-money sites."  He went on to observe that 888 Holdings plc had launched the new betting agency 888sport.  "The company has no Australian wagering licence, they have been through no probity checks by federal or state authorities, they have not had to apply for race fields approval and they are using the face of their online poker business Shane Warne to promote their new Australian wagering business”, said Twaits.  “It makes a mockery of the local licensing regime.”



Gambling News :

Alegriabet Finally Launches - Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

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.

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