Gibraltar-based online gambling group 888 Holdings plc has turned in another positive third quarter result, presenting a rise in net gaming revenue of 23 percent to $66 million despite the worsening economic conditions. Online poker revenues remained stuck at last year's Q3 figure of $19 million, but casino NGR reached $34 million, up 18 percent. while NGR from emerging offerings such as bingo rose 121 percent to $12 million.

Operating income for the quarter was up 24 percent at $68 million.

Operational highlights included the launch of the Littlewoods online offering under a strategic partnership with Sportech (see previous InfoPowa reports). Pacific Poker was also augmented by the introduction of four new languages, while 888 also ran a successful UK bingo TV campaign, and launched 888sport in Germany and France. The period saw a number of new games integrated onto the 888 platform.

888's Q3 performance boosted cumulative NGR for the nine months to 30 September by 31 percent to US$197million, with total operating income YTD up 33 percent to $203 million.

The company said that trading during the traditionally weaker summer months of July and August was solid with total operating income in August growing above July's level. In September, however, global economic conditions and sharp exchange rate movements resulted in lower turnover than August. However, the company said that trading during the first nine days of November had been better than October, driven by casino and bingo, "...with an increase of approximately 8 percent above October".

Gigi Levy, CEO of the group said: "Our underlying business remains as solid as ever, as demonstrated by the constant deposit size by local currency. Despite external adverse economic conditions we are confident in our business model and strategy. Our firm foundation of B2C earnings will be complemented by our growing B2B line of business which will be an increasingly large contributor over the medium term. We look forward to delivering growth this year and beyond."

All News Categories

Most Viewed Articles

See all

Related News

Live activity feed

  • Et00011401050 732c6531cbe2c155c1de l
    "i participated with 2 entry..gl to all seems today is last day to participate"
    READ
  • 15SEPTBYE
    code
    Expires on 1st Oct 2016
    READ
    Uptown aces

    Uptown Aces

    4.4
    / 455 votes
  • Alenvers
    "thank you for your response May be my english is too bad to be understood into my post i tried to explain what i did not like: about  your  rules for  free tournaments i played for  free and  p aid- Iliked  to play at both. BUt  that I not understood  it is if  your rules say to deposit  each time to have the right to play at each freeroll, why  3 deposit  with just one freebiie cancelll this right ? because i used  one freebie.just after 3 deposits ? I accepted the  fact that you dont give casback because  before my last deposit i won $100 at a  free fournament. I did not have the choice.:) But with all that it seems me that you dont encourage  your players to deposit regulary.or often. bul it is only my opinion"
    READ
  • Alenvers
    "thank you for your response May be my english is too bad to be understood into my post i tried to explain what i did not like: about  your  rules for  free tournaments i played for  free and  p aid- Iliked  to play at both. BUt  that I not unfedrstood  it is if  your rules say to deposit  each time to have the right to play at each freeroll, why  3 deposit  with just one freebiie cancelll this right ? because i used  one freebie.just after 3 deposits ? I accepted the  fact that you dont give casback because  before my last deposit i won $100 at a  free fournament. I did not have the choice.:) But with all that it seems me that you dont encourage  your players to deposit regulary.or often. bul it is ionly my opinion"
    READ
  • Et00011401050 732c6531cbe2c155c1de l
    "yes is confusing to think a person is male or female after nickname i ignore me too as long im not interested to start other kind of relation with members as members we are all equal here"
    READ
    Started by
    Superstar Member
    Banking icon 6,131
  • Flapjack
    "Yes, sometimes. I am mostly a slot player but sometimes I like to mix it up with different table games, especially roulette or blackjack. "
    READ
Swipe left or right to see more

lcb activities in the last 24 hours

  • 30
    new members
  • 481
    members online
  • 10869
    guests online
  • 120
    new posts
  • 4299
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

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