888.com Sees Strong Early 4th Quarter Growth

Submitted by Guest on

Written by :

Guest

Published on :

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)

Related Content

Kalshi

Congressional Candidates From Minnesota, Virginia and Texas Fined By Kalshi for Betting on Their Own Elections

A Republican, a Democrat and an Independent have each been fined by Kalshi for allegedly betting on their own elections.
Spiked drink

MGM Settles Vegas Ketamine-Spiking Lawsuit Filed By Super Agent: Says He Lost $2 Million Gambling

Neither party is disclosing the sum involved as part of the confidential settlement
The Lost Book of Mummy’s Curse Slot

Where Can I Find The Lost Book of Mummy’s Curse Slot Online?

The Lost Book of Mummy’s Curse slot was set to debut April 22, 2026
Empty pockets

Slow Pay, No Pay Jazz Sports Still Sending Out Bonus Emails

Despite not paying some customers, Jazz Sports continues to email customers about 100 percent re-up bonuses