888.com Shares Financial Information, Reveals Nevada Plans
13/03/14 08:33 Filed in: General News
The release of financial information from 2014’s recently concluded first quarter has illustrated the success (or lack thereof) of the online gaming industry's key players. In the case of 888 Holdings, the network responsible for highly respectable poker, casino and sportsbooking sites, these statistics have shown just how well the business has performed in recent months.
888's group revenue ($103 million USD), which broke previous records for the company, may be the most impressive of the newly posted figures. The company also made significant strides forward in other areas, though. Compared to the first quarter of 2012 888 has grown by large percentages in 2013, its number of active poker and casino customers increasing by 12%. The same year to year comparison shows 888 Poker's net revenues growing by 15% and its online casino network revenues by 13%. Brian Mattingley, 888 Holdings' CEO, said that he was pleased with the first quarter results, crediting his company's success to "our excellent product offering, supported by our constantly innovative marketing." Industry spectators, having taken the recently published first quarter figures into account, now believe that 888 Holdings is worth approximately $915 million.
Mattingley went on to take advantage of 888's strong financial showing by telling Reuters that his business is scheduling the launch of its Nevada, United States-based online poker site by the beginning of summer. The opening of 888's US-based site may hint at a coming trend in online gaming where some of the industry's biggest players take advantage of shifting gambling policies to expand to new markets.
888's group revenue ($103 million USD), which broke previous records for the company, may be the most impressive of the newly posted figures. The company also made significant strides forward in other areas, though. Compared to the first quarter of 2012 888 has grown by large percentages in 2013, its number of active poker and casino customers increasing by 12%. The same year to year comparison shows 888 Poker's net revenues growing by 15% and its online casino network revenues by 13%. Brian Mattingley, 888 Holdings' CEO, said that he was pleased with the first quarter results, crediting his company's success to "our excellent product offering, supported by our constantly innovative marketing." Industry spectators, having taken the recently published first quarter figures into account, now believe that 888 Holdings is worth approximately $915 million.
Mattingley went on to take advantage of 888's strong financial showing by telling Reuters that his business is scheduling the launch of its Nevada, United States-based online poker site by the beginning of summer. The opening of 888's US-based site may hint at a coming trend in online gaming where some of the industry's biggest players take advantage of shifting gambling policies to expand to new markets.
