888 Holdings 2012 Q2 Revenues Up 17 Percent

Written by :

Guest

Published on :

27 July, 2012

(Reuters) - Online gaming company 888 Holdings said revenues in July were up by 10 percent so far but added that it was not yet clear what effect the London Olympics would have on its business.

Second quarter revenues rose 17 percent to $92 million, the company said. Earlier this month 888 raised its forecast for full-year core profit thanks to a stronger performance at its casino and poker business.

Third quarter trading started in line with expectations, with July's average daily revenue 10 percent above a year ago, the company said.

"We expect to see the effect of seasonality in the remainder of the third quarter, and the impact of the Olympic Games in London remains unknown," it added.

The Games open in London on Friday and every event will be streamed live to Britons by the BBC via tablets, PCs and Internet-enabled televisions.

The company's shares were unchanged at 81p by 0820 GMT on Thursday, after a strong run following the increased profit forecast on July 12.

Poker

ClubWPT Gold Shuts Down in Nevada

The announcement coincided with news that all purchases on the site will cease immediately, postal requests will no longer be accepted and sweepstakes game play will no longer be available effective this coming Monday September 28, 2026.

ACR Poker Confirms 10 Percent Poker Rake on First Depost Before Processing Winnings

The issue arose after a high stakes sports bettor was erroneously told by customer service that website policy required him to generate at least 10 percent rake on his winnings prior to making a withdrawal. It does not.

Anti-Gambling Zealot, Former Arizona Senator Jon Kyl Dead at 84

The Senator co-authored and pushed through the Unlawful Internet Gaming Enforcement Act (UIGEA).

ACR Poker Launches Investigation Into Video Circulating on Net: 'RTA Has No Place on ACR Poker'

ACR Poker Says TrenirusGTO Strictly Forbidden After Video Surfaces : 'RTA Has No Place on ACR Poker'

ACR Poker on Thursday issued a statement in regard to a video circulating across the internet showing a controversial poker software product called TrenirusGTO being used alongside their online poker client.... They later found the account in question.