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. 

Cake-Square-010712.jpg

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

Business/Financial News

Icelandic Fugitive in Bitcoin Heist Arrested in Amsterdam

Amsterdam police have arrested an Icelandic fugitive suspected of masterminding the theft of hundreds of computers used to mine bitcoin and other virtual currencies.

Cryptocurrencies Bring Bullish Gains This Spring

Cryptocurrencies Bring Bullish Gains This Spring

Cryptocurrencies are breaking new price levels this week as markets are seeing gains across the board during the last two weeks of April. Yesterday’s trading sessions saw bitcoin cash touch a high of $1,560 per BCH as the currency has been on a relentless run over the past week.

Wyoming Residents Remain Locked Out of Coinbase Accounts

Wyoming Residents Remain Locked Out of Coinbase Accounts

Cryptocurrency in the state of Wyoming continues to remain in an utter state of confusion according to a recent report on ArmyOfBitcoin.com. State residents have not been able to access their cryptocurrency accounts for over two years since Coinbase decided to suspend operations in the Cowboy State.

CNBC: Bitcoin Nipping at Gold Demand

CNBC: Bitcoin Nipping at Gold Demand

Gold has surpassed many challengers over the centuries as a go-to safe haven investment.  Some investors say bitcoin is the challenger with the best chance of dethroning gold as the globe's ultimate store of value, according to CNBC. 

How to Become a Successful Bookmaker by Managing Costs

In its blog Sunday, our friends at Price Per Player write of how to become a successful bookie through common sense practices like cost management.

Syndicate