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888 Holdings Sees Surge in Share Price

Written by:
Aaron Goldstein
Published on:
Mar/25/2014
888 Holdings Sees Surge in Share Price

888 Holdings, the online gambling firm, was up 8.6% Tuesday in trading.

The company has reported a 30% increase in pretax profit in 2013, driven by a continued strong performance from its core casino and poker products.

It said that pretax profit rose to USD53.2 million in 2013, up from USD40.8 million the year before, as revenues for the year rose to USD400.5 million from USD375.8 million.

888 is the software provider for WSOP.com, a Caesar’s Interactive company.  On Monday, that group announced a New Jersey online gambling partnership with the New York Rangers.

- Aaron Goldstein, Gambling911.com

 

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