Casino and Poker Operations Increased

13 August 2013 – By Linda Jefferson

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Online casino operators offer players around the world the possibility to enjoy their favorite casino style games from the comfort of their own homes. This pastime has become more and more popular over in recent years and this fact can be proven also by the financial results of major online casino companies. Recently, internet wagering operator 888 Holdings has released its latest financial results for the first half of 2013. The figures showed increased revenues driven especially by casino and poker operations. For example, the revenues for the first half of 2013, ending June 30th, increased 7percent to $200.1 million while the B2C revenues grew 8percent to $177 million in comparison with the first half of 2012.

Other company highlights for the half year includes figures related to online casino operations especially. Therefore, casino is up 13percent to $94.1 million and poker is up 13percent to $46.8 million. Despite these encouraging figures, bingo was down 18percent at $22.1 million. The excellent casino performance was driven by CRM activity and also, poker reached number four in global PokerScout rankings. Other company highlights that contributed to the online casino operator’s success were the agreement with Kambi Sports Solutions to develop 888sport app. Mobile gambling is the new trend for this year and 888 has been present in the charts. The company’s mobile offering currently represents the fastest growing channel across all products representing 17percent of UK revenue.

The online gambling company is also successful on other markets too. Spain and Italy have proven to be very lucrative markets for 888 and they offer further growth opportunities. In March, the online casino giant signed an agreement with Avenue Capital Group creating the All American Poker Network in order to launch comprehensive B2C gaming offering for the US market upon regulation. Also related to the market in USA, is the fact that the firm was approved as Interactive Gaming Service provider by the Nevada Gaming Commission. Commenting the company’s performance, 888 CEO said he is excited about the US market which continues to develop and for this reason they believe in partnerships that will help them position themselves as the market becomes regulated.

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