..

888.com Sees Strong Early 4th Quarter Growth

Written by:
Guest
Published on:
Nov/03/2010

LONDON, Nov 3 (Reuters) - Online gaming firm 888 (888.L) said trading was more buoyant across all its businesses so far in the fourth quarter, supported by a UK television campaign for its poker and bingo brands and sees annual profit in line.

The group said on Wednesday it had 8.2 million casino, poker and sport real money accounts as of Sept 30, up 21 percent on the previous year.

888's average daily revenue increased 6 percent in October, boosted by poker that rose 16 percent, as players returned to gaming after the seasonally weak third quarter and upped their deposit levels.

"The fourth quarter has started well and given that our various business initiatives are progressing as planned we expect to grow the business further during the year," Chief Executive Gigi Levy said in a statement.

Operating income in the third quarter was flat at $61 million, the same level as a year ago and unchanged on the previous quarter.

The company, which calls itself the largest online gaming venue, said it had been awarded a licence by France to operate poker betting websites.

Shares in 888, which have lost more than half their value since last year, closed at 43.5 pence valuing the company at 156.3 million pounds ($251.1 million)

Business/Financial News

Litecoin Leads Way With Crypto Surge

Bitcoin and other cryptocurrencies continue to be on the rise in recent days, lead by none other than Litecoin.

Ver: COVID-19 Lockdowns Will Kill More Than Disease Itself

Ver: COVID-19 Lockdowns Will Kill More Than Disease Itself

Referred to as "Bitcoin Jesus," one of Bitcoin's earliest investors, Roger Ver, is among those in the camp that believes stringent home lockdowns to combat the Covid-19 pandemic will cause more harm than good.

Morehead: "Bitcoin Born in a Financial Crisis,  It Will Come of Age in This One"

Morehead: "Bitcoin Born in a Financial Crisis, It Will Come of Age in This One"

CEO of Pantera Capital, the first investment firm in the US to launch digital currency, pre-auction ICO, and blockchain-enabled venture funds, noted Monday that Bitcoin is up 1% on the year as of Monday while pointing to other financials including commodities and the S&P 500, all down by 15% or more.

Becoming a Bookie During the Coronavirus Pandemic

Becoming a Bookie During the Coronavirus Pandemic

With millions of people out of work and the anticipated slowdown in some sectors that will follow the coronavirus pandemic, opportunities are still plentiful for independent contractors and those with business smarts.  There may never be a greater time to become a bookie

Financial Markets Betting - April 1, 2020

Financial Markets Betting - April 1, 2020

Bookmaker.eu is currently offering odds on the financial market, specifically the OVER/UNDER on the Dow for April 1, 2020.  Today's number was set at 21250 -101

Syndicate