POSITIVE CASINO AND BINGO ACTION IN Q.2 RESULTS FROM 888.COM
August 4, 2008
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 watching the Euro 2008 international football action on television. NGR from the group’s poker arm was US$20 million.
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