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Business: 888.com sees revenues increase
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The European online gambling site 888 Holdings Plc, posted a revenue increase of seven percent during the second quarter of 2009. The company, which owns such sites as online casino 888.com, internet poker room PacificPoker.com and sports gambling site Betmate.com, stated that company revenues reached US$61 million. One of their main revenue sources came from reselling their popular software engine to other online gaming sites.
14-Aug-2009, 14:23
Blotter: Five more CryptoLogic games for 888.Com in 2009
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CryptoLogic Limited, a longtime leader in casino software and games, is partnering with gambling giant 888.Com again to bring five exciting new titles to eager online gamblers. Their last collaboration in 2008 resulted in 888's acquisition of award-winning titles like Spider-Man and Fantastic Four (both from the Marvel Superheroes series) and the popular puzzle-based game Bejeweled.
21-Jul-2009, 18:14
888 and Sportech in Online Pools Partnership
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Online gamer 888 has signed a strategic partnership with pools operator Sportech. Under the partnership, 888 will supply Sportech a turnkey online gaming operation including its gaming and back-end software, customer support and payments processing services.
888 will also provide Sportech with international distribution services for the New Football Pools. It expects this agreement to be material in terms of its earnings in 2009 and beyond.
"This phenomenal partnership represents the full evolution of our B2B offering and is a milestone agreement," 888 chief executive Gigi Levy said.
25-Jun-2008, 14:32
888 Gaming Revenue Rises Again
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Online gaming firm 888 said on Wednesday the first quarter of 2008 started well with a 38% rise in net gaming revenue and growth has continued into the second quarter, driven mainly by casino and bingo games.
It said net gaming revenue, a key performance indicator, rose to $64 million from $47 million in the same period of 2007 and was up 3 percent on the previous quarter. Last month, Chief Executive Gigi Levy said he hoped the company would achieve 30% revenue growth for the full year, helped by its new sports betting and bingo sites.
"Our various business initiatives are progressing well and we are therefore confident in delivering future growth during 2008," Levy said in a trading statement on Wednesday.
07-May-2008, 16:41
888 Sends Players to World Poker Crown Tournament
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888 Expecting 30% Growth?
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Online gaming firm 888 is optimistic of 30 percent revenue growth this year, helped by a better-than-expected start from its new sports betting and bingo sites.
"Current run rate indicates 20 percent (overall revenue growth), and we are bullish on pushing this. Do I think 30 percent is too much? No, I don't think 30 is too much," Chief Executive Gigi Levy said in a telephone interview with media sources. Levy added that the firm's new bingo and sports betting Web sites were seeing strong growth.
"Bingo is doing dramatically above anything we expected. The run rate is currently where we expected to get to by the end of the year, it's that good."
08-Apr-2008, 15:59
888.com Launches 888 Casino
Rss888 Sales Rise as Casino Games Bring in More Players
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888 Holdings Plc, the U.K.'s second- largest online gaming company, said fourth-quarter sales rose 55 percent after more gamblers bet on casino games and poker. Sales climbed to $62.8 million from $40.5 million a year earlier, the Gibraltar-based company said today in a statement. This year's first quarter ``started strongly,'' according to 888, the owner of the Casino On Net and Pacific Poker brands.
Last year was the company's first full year without any business in the U.S. after a 2006 law barred foreign betting Web sites, cutting 888 off from its main market. To keep sales rising, the company is adding sports betting to its array of games in Europe in the current quarter with partner Rank Group Plc and introducing an online casino and wagers on sports in Asia.
14-Feb-2008, 10:58
Entertasia Offers Multiple Asian Offering to 888.com
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Entertasia, one of the Asian leading providers of gaming solutions announces that it has signed a partnership agreement with 888, one of the world’s leading online casino operators for their Asian operations to develop a live casino service across Asia.
Under the terms of the agreement, a Philippines based operating company will manage operations for the live casino, while 888 will leverage its robust multi-channel marketing abilities to acquire new customers in the region.
The agreement also includes the provision of an Asian-focused sportsbook product in partnership with E-Sky, a specialised Asian sportsbook. 888 plans to launch “888zhenren.com”; the new service in multiple Asian territories and languages in Q1 2008.
14-Jan-2008, 18:34
888.com Ventures into the World of E-Cards
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888.com, one of the world's leading gaming and entertainment companies, has launched 888 Greetings (http://specials.888.com/greetings/), a new website which allows people to send fun and original e-cards for free to friends and family.
888.com's new service provides a quick and easy way to send fun, animated online greetings for birthdays, holidays, graduations, anniversaries, weddings and other happy occasions. The site offers many unique greetings; including postcards and flash clips e-cards in a variety of themes.
888 Greetings not only provides this service for free but also gives people who send out e-cards a chance to win the special $888 Jackpot.
07-Jan-2008, 10:43
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