..

888 Holdings 4th Quarter Figures Bad, January Good

Written by:
Jagajeet Chiba
Published on:
Feb/05/2009
888 Holdings

The online poker craze appears to be going off the boil judging by 888 Holdings's fourth quarter figures, though the online gaming firm said its full-year 2008 earnings should meet market expectations, according to Thursday's Sharecast.

"The upbeat nature of 888's statement seems to have rubbed off on rivals PartyGaming, which is sharply higher ahead of a trading update tomorrow, while bookie William Hill also advances."

But have no fear say 888 Holdings company officials, and the market responded.

Shares in 888 Holdings rise 6.9 percent to 105 pence after the online gaming group says January revenues grew following the tough final quarter of 2008 which saw operating income fall 8 percent due to the impact of the weak pound and the economic downturn.

Encouragingly, January has started well, with net gaming revenue up 10 percent ... though given the weak fourth quarter -- with customers in core products down as well as more currency-led spend -- it is difficult to be confident of upgrades,' Collins Stewart analysts say.

Jagajeet Chiba, Gambling911.com 

Gambling News

Can I Bet the Little League World Series on the Caesars Sportsbook App?

Can I Bet the Little League World Series on the Caesars Sportsbook App?

Caesars Sportsbook prohibits betting on youth events such as the Little League World Series.  Other popular sportsbooks like long established BetOnline have zero qualms about taking bets on the Little League World Series and have already released odds for 2022 (Wed, Aug 17, 2022 – Sun, Aug 28, 2022).

What Are the Sports Betting Laws in USA and Canada?

What Are the Sports Betting Laws in USA and Canada?

When setting up a bookie business, you'll need to know the sports betting laws in depth. Here's a brief rundown on the laws in the USA and Canada.

What Are the Biggest Business Blunders Online Bookie Software Will Help Prevent?

As a bookie, mistakes can be costly. Having the right online bookie software can help minimize potential blunders. Here's how.

Joe Flacco Expected to Start for the Jets in Week 1 vs. His Old Team the Ravens

Joe Flacco Expected to Start for the Jets in Week 1 vs. His Old Team the Ravens

With Zach Wilson’s knee surgery today now considered a success and with the team not willing to bring him back until he’s fully ready, Jets’ QB Joe Flacco is in line to start the regular-season opener vs. his former Ravens team, according to Adam Schefter of ESPN.

Massapequa Odds to Win the 2022 Little League World Series

Massapequa Odds to Win the 2022 Little League World Series

Massapequa Coast is considered "America's Team" by some this year.  They become the first Long Island team to go to the World Series since Rockville Centre in 1978.  Better still, Massapequa has never played in the Little League World Series in its 72-year history.

Syndicate