Fri, May

Good Second Quarter Results for 888 Holdings


With the addition of its new bingo and sports betting offerings, the gambling operator, 888 Holdings reported an impressive 33% rise in sales in the second quarter of 2008. In a year on year comparison, 888 Holdings showed that its Net Gaming Revenues rose from $50 million to $67 million.

“We are delighted with our second-quarter results,” said Gigi Levy, Chief Executive Officer of 888 Holdings, “especially given that we achieved sequential quarterly growth during a period which is typically seasonally quiet and included the Euro 2008 soccer tournament.”

888 Holdings has slowly climbed back to its former glory after it took a battering with the introduction of the UIGEA in the United States. In recent months, the company introduced backgammon, sports betting and bingo products to its already successful brand, and the results were seen in this latest report.