Endorsed by Gambling911

888 Revenue Up 25 Percent in 1st Quarter 2012

Written by:

Guest

Published on:

Apr/24/2012

888 Revenue Up 25 Percent in 1st Quarter 2012

(Reuters) - British online gaming company 888 Holdings said first-quarter revenue rose 25 percent as more people opted to use their services and gamble online amid an economic slowdown.

The company had 11.3 million casino, poker and sport real money registered customer accounts as on March 31, an increase of 23 percent from a year earlier.

888's consumer segment revenue rose 29 percent to $83 million (51 million pounds) in the first quarter, boosted by its casino and poker brands, the company said in a statement.

888 said overall revenue rose to $94 million from $75 million a year earlier.

"Trading during the first three weeks of the second quarter continued to be strong, with average daily revenue one percent higher than the first quarter 2012," the company said.

Shares of the company, which recently named Brian Mattingley chief executive, fell 2 percent to 76.5 pence on Tuesday morning on the London Stock Exchange.

Gambling News

NFL Reinstates Players Who Violated Gambling Policy

Quintez Cephus, C.J. Moore, Demetrius Taylor, Rashod Berry and Shaka Toney can now play once again though only one of the five is under contract with an NFL team.

Did ’Ndrangheta Mafia Infiltrate Canadian Banks?

‘Ndrangheta mafia’s infiltration into the lucrative Malta i-gambling industry was revealed over the last year.

Exploring the Best Online Casinos in Australia

Explore the world of internet gambling with the help of a well chosen guide written by gaming enthusiasts. This in-depth investigation examines the best Aussie gamers can play at online casinos, all of which have been screened for game selection, security, customer support, and special offers.

The Excitement of Sports Betting and Casino Gaming

The thrill of a close game and the intense excitement of waiting for the final play to unfold—sports betting adds a layer of anticipation to watching sports that countless fans find irresistible. Similarly, the allure of casino gaming, with its mix of chance, strategy and the potential for big wins, such as in the new game aviator, attracts players from all walks of life. These pastimes offer a diverse form of entertainment rich in excitement, skill and the thrill of the unknown, captivating a global audience.

Live Dealer Online Casinos See Explosive Growth for 2024

Live dealer online casinos are especially popular with Polish players as the nation is sorely lacking when it comes to the real life casino experience at this moment.