Q2/2010 highlights continuing success of online gambling software group

888 Holdings plc has released its Q2/2010 interim report and trading update, showcasing continued success in b2c and b2b activities over the quarter and the year to date.

Financial highlights include:

• Total Operating Income at US$61 million (Q2 2009: US$61 million), same level as Q2

2009

• As at 30 June 2010, 888 had 7.9 million online casino, poker and sport real money registered

customer accounts, representing an increase of 22 percent since 30 June 2009

• Total Operating Income B2C at US$52million (Q2 2009: US$48 million), an increase of

6 percent.

• Total Operating Income B2C Bingo at US$13 million (Q2 2009: US$3 million), an increase

of 372 percent.

• Total Operating Income B2C Emerging Offering at US$4.4 million (Q2 2009: US$4

million) an increase of 11 percent.

• Total Operating Income B2B at US$10 million (Q2 2009: US$12 million), a decrease of

24 percent, but a 3 percent increase on a pro-forma basis.

• Group Total Operating Income in H1 2010 at US$130 (H1 2009: US$118 million), an

increase of 10 percent.

• Total Operating Income B2C in H1 2010 at US$110 (H1 2009: US$94 million), an

increase of 18 percent.

The report points to the following Operational Highlights:

• Acquisition of Mytopia social games development studio from Real Dice Inc. completed,

extending 888’s reach and market share in the fast growing social networks and smart

mobile devices space

B2C

• Poker version 6 released following a complete re-coding of the software client with fresh

new look and feel and enhanced features, game play and user experience (see previous InfoPowa report)

• Brand new online store launched for poker players where they can convert loyalty points

into a wide range of gadgets and products

• Innovative first web-based (no download required) immersive 3D 888 casino launched,

enabling players to play casino games in a virtual world with lobby, roulette, blackjack and

high rollers rooms, with customised avatars

Dragonfish

• An agreement with Microgame S.p.A. for the provision of a comprehensive casino product

to the Italian gaming market

• An agreement with MTV Networks UK & Ireland to provide a bingo product, marking their

first step into online gaming

• Extension of existing agreements with Costa Bingo and Moon Bingo

• Launch of two new standalone bingo networks, with Cashcade (Rollover Bingo) and

Costa (Sing Bingo). Dragonfish now powers over 20 standalone bingo networks

Commenting on the report, CEO Gigi Levy said: “Trading throughout this period has been challenging, impacted by a number of factors including general online poker weakness, adverse F/X and, in relation to Poker and Casino, the World Cup. However, we have seen resilience in our emerging offering, especially Sport throughout the World Cup, and we continue to refresh our B2C offering to attract and retain players.

“We made the strategic acquisition of Mytopia late in the quarter, which gives us an immediate footprint in the fast-growing social gaming arena, complementing our core offering and giving us access to millions of new customers.

“Dragonfish has continued to win new contracts, such as the casino deal with Microgame in Italy and with MTV, as well as several contract extensions. I am delighted that we have appointed a new managing director to head up the business and, as the industry moves towards a greater emphasis on content and flexible solutions, his experience and contacts will enable Dragonfish to capitalise on the opportunities created.

“We see a challenging environment ahead, albeit one with opportunities created as new licensing regimes are implemented. We have been granted a licence in France and have a number of strategic partnerships lined up in Italy for both B2C and Dragonfish, and are optimistic about the future prospects in these markets – though these are likely to take time and investment to come to fruition.

“We remain confident in the underlying fundamentals of the business and believe that the transformation of 888 - and the industry - into a gaming entertainment destination regulated in local markets presents significant opportunities for growth.”

Live activity feed

  • Index
    Logo 3

    Casino Ventura

    4.3
    / 107 votes
  • No avatar a112
    "I would imagine any of the casinso would allow you to withdrawal via BTC as long as you didn't deposit via a method that was also a wallet.  Like example if you deposit via Neteller, Skrill, or Pay Pal.  I would imagine that they'd want to have you withdrawal back to your wallet.  Otherwise if it's a one time use things like a Pay Safe Card or mainly just a strictly deposit option.  I would imagine that the casino would be open to sending you, your winnings by BTC.  Mainly becuase I would think that sending you BTC would be cheaper than any of the other methods available to them. I know Extreme, Bovada, and Slotocash all have BTC withdrawal options, as I'm sure many others do.  I would guess it wouldn't hurt to ask support."
    READ
  • No avatar a112
    "withdraw via bitcoins"
    READ
  • No avatar a112
    "Circle or Coinbase are both very good options as there are very small fees for getting your coin. Compared to LocalBitCoin or Paxful where the fees can get downright steep.  Circle will do you just fine as long as you don't buy too frequently or try to cash out large sums of coins at once. Otherwise if things do get scary with Circle, you can always change it up and use both Coinbase and circle interchangably. "
    READ
    Started by
    Hero Member
    Banking icon 551
  • No avatar a112
    "Good morning Rena and Jade, hope all is well. Really honestly Coinbase and Circle will do you just fine if your not getting a large sum of cash into either wallet. The need for a separate wallet probably isn't necessary. Also if you diversify how you cash out your coins if you do happen to come into a large sum of a win.  Will probably help you not get your account closed.  Like let say you win $2,000.  Cash that out into your wallet.  As long as you cash out oh say $500 a week, then know your going to go shopping at Walmart anyways.  Buy a gift card for the amount you need at CardCash.com you'll probably be ok even with a big win. (seriously check out card cash anyways, not only do you get gift cards at a discount, but they'll give you even more of a discount for buying the cards in BTC) Just a few hints.  Really, honestly the average player probably won't have an issue with either BTC exchange.  It's just the big winners are the ones who I fear for. Hopefully your enjoying BTC.  It really is a nice way to play at online casinos, mainly because you won't have to worry about your bank asking so many questions. (Especially with those foreign descriptors)  Even if they do, you can tell them with confidence that the money you got was from sale of currency.  Mainly because Coinbase is legal in the US."
    READ
    Started by
    Superstar Member
    Banking icon 6,078
  • No avatar a112
    "If the wire come directly from Uptown, then it probably came from somewhere foreign and that probably triggered a full investigation.  Which sucks, but it does happen especially when the descriptor comes across as funny. As for Coinbase, tell them you sold some currency and coinbase is turning your currency into the US Dollar.  Simple as that, and if they do all of there checks on Coinbase.  They'll see that there a licensed money transmitter in the US.  Everything is on the up and up and there shouldn't be much to question. I suppose, if you have had a high amount of deposits lately that could be cause for them to worry about where your money is coming from.  Yet honestly the Coinbase situation does seem a bit odd that they would quesiton that."
    READ
Swipe left or right to see more

lcb activities in the last 24 hours

  • 23
    new members
  • 445
    members online
  • 17973
    guests online
  • 56
    new posts
  • -1929943
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

  • No avatar a112
    I would imagine any of the casinso would allow you to withdrawal via BTC as long as you didn't deposit via a method that was also a wallet.  Like example if you deposit via Neteller, Skrill, or Pay Pal.  I would...
    withdraw via bitcoins
  • Hi I'm wondering if there are any casinos that allow to withraw through bitcoin where the deposit was through a different method. For example deposit with paysafecard or instadebit and withdraw btc to my bitcoin wallet.
    withdraw via bitcoins
  • No avatar a112
    Circle or Coinbase are both very good options as there are very small fees for getting your coin. Compared to LocalBitCoin or Paxful where the fees can get downright steep.  Circle will do you just fine as long as...
    CRYPTO-CURRENCY GAMING SITES

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language

Search

Search Results

39012170