888 Online Casino Showing Positive

September 29, 2007

The online casino 888 Holdings PLC has just released their financial results from the first half of the current calendar year, and they say that things are looking positive so far, and they expect it to continue for the remainder of the year. The online casino is also talking about other acquisitions that they might want to get into since they are showing such positive results.

The company is reporting that their net online gambling revenue is up 24%, their profit pre-tax is up 298%, and their operating expenses are down. Their online casino Pacific Poker is showing 22% increase in online casino revenue and poker alone showing an increase of 19%.

They believe that this continued growth will carry them throughout the remainder of the year, even though there had been some speculation that losing their US customer base after the passing of the UIGEA would significantly hurt the online casino. Financial figures show that this is not the case.

The online casino company has expanded the games they offer, and has made deals with other casino companies such as Tower Touneos in Latin America and Riley’s Snooker Halls in the UK to help build their consumer base. The companies will use 888’s platforms and operational capabilities.

The company says that making deals like this will only ensure their continued success within the online casino industry, and help them to continue to grow as they seek out other strategic alliances throughout the world. They say that with the passing of the UIGEA they had to change the way they viewed themselves, and it has worked out well for them.



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