888 Poker, Casino Revenue Stun Investors: Share Price Rises 14 Per Cent

Written by:
Aaron Goldstein
Published on:
Jul/13/2012
888 Poker, Casino Revenue Stun Investors:  Share Price Rises 14 Per Cent

The week ended solid for 888 Holdings, parent company of the world’s 4th largest online poker venture, 888Poker.com. 

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Stocks sored up 14 per cent on news that company profits were “materially ahead”, due in part to a strong presence in the Spain market.

The firm is now the second-biggest player in the Spanish poker market after PokerStars.

Simon French, an analyst at Panmure Gordon , upgraded his full-year ebitda forecast for 888 by 22pc to $56.1m immediately following Friday’s announcement. 

888 is also forging relationships with US-based casino firms in hope of the market becoming more regulated in 2013.

- Aaron Goldstein, Gambling911.com

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