Online Gambling Sales Rise with Clients

February 28, 2008

888 Holdings, PLC, is pleased to release their fourth quarter financials, especially since they show a profit. In what many thought would be a bad year for the online gambling company, the company seems to have turned it around and is instead showing a nice profit instead. They say that their fourth quarter sales alone rose 55% from online gambling patrons.

Their sales went from $40.5 million last year to $62.8 million this year. They say that they started out the year much stronger than anticipated, and finished strong as well. The online gambling company is known by its other two large subsidiaries – Pacific Poker and Casino-on-Net and both online casinos are performing well.

The concern for the company was that this was to be their first year without income from the US. They were dependent solely on income from Europe and Asia, and it seems that it did not do them one bit of harm. In fact, without the US they actually turned a much bigger profit.

By partnering with other online gambling companies like Rank Group Plc and opening online casinos in Asia, they completely turned their online gambling company around. They say that a lot of it had to do with their clients in that they fully embraced the online casino and played it often. They had 1.1 more registered accounts at the end of this year than they had last year, which just goes to show the strong sense of confidence that players have in the online casino.

With annual sales increasing and online casino membership increasing, it would seem that the company is in for a long and successful year to come as well.




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