News Feed
High Noon Casino

888 Holdings Publishes Record Q4 Revenues


This SlideShowPro photo gallery requires the Flash Player plugin and a web browser with JavaScript enabled.

888 Holdings, the owner and operator of 888.com online casino, poker, sports
betting, bingo and games site, has published record interim financial results
for the fourth quarter of 2011, which capped off a year that saw the firm
generate total revenues of $331 million.

According to its newly released financials, the Gibraltar-licensed firm’s
revenues for the quarter rose by a notable 28 percent compared to the same
period in 2010, and by six percent compared to the previous quarter to a
record-breaking $91 million.

888 Casino Revenues Reached $42 million in Q4

888’s online casino revenues rose by 34 percent compared to the same
period in 2010, and by 11 percent on the previous quarter to reach $42 million,
while its online poker room revenues increased by a massive 76 percent compared
to the same period in 2010, and by two percent compared to the previous quarter
to $19 million.

These high revenue increases were attributed by 888 to strong customer retention
and recruitment across its online casino operation, as well as strong customer
retention and its Poker 6 platform across its online poker operation.

Said 888 Holdings Deputy Chairman, Brian Mattingley, ‘We are delighted with
888’s strong performance over the last year and in particular the fourth
quarter. 888’s fourth quarter revenues were the highest on record and represent
five consecutive quarters of revenue growth.

‘Strong trading was led by an excellent performance in our business-to-consumer
casino and poker and is the result of an increased strategic focus on our core
competencies and the stand-out success of Poker 6, he said.

Mattingley went on to say that he is particularly excited about the online
gaming site’s upcoming launch of a new and exciting online casino product that
has been designed to appeal to both existing and new players on the site.

2012 Trading Continues to be Strong for 888

‘Current trading in January continues to be strong and we believe that our
focused strategy, aligned with the selective business-to-business approach, will
continue to drive growth in 2012,’ he said.

888 has been in operation since
1997 and currently boasts more than 5 million registered users. It offers the
latest casino, poker, sports betting, bingo and games software, a host of
generous welcome bonuses and promotions, and carries eCOGRA’s Seal of Approval.
It is licensed and regulated by the Gibraltar Gambling Commissioner.

Casino Offers
Club USA

Featured Slots
The great trilogy has hit the computer screen as an amazing online slot game.
Featuring one of the most beloved super heroes, Iron Man slots is packed with great graphics, sound effects, special features and a bonus game. Coin values range from £0.01 to £5 with a maximum payout of 5,000 coins.
Videos
Most Read