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Paddy Power and 888 Share Strong Earnings Reports for First Half of 2012

While the global economy may not be at its strongest, online gaming networks Paddy Power and 888 have just shared figures that demonstrate that they're remaining unaffected by the recession. Reports from the two companies show that their earnings in the first half of 2012 increased, demonstrating a sunny future for two of online gaming's most popular brands.
      's 2012 has been a good one, its key financial indicators showing a 21% increase in revenue alongside boosts in other important areas. A 2% decline in 888's bingo revenue has done little to slow the company down. Brian Mattingley, 888's CEO, was happy to discuss his business' favourable first half of the year. Mattingley said that much of the success comes from a "tremendous increase in customer numbers" and credited "improvements in [888's] product offering." Paddy Power posted similarly positive figures for the first half of 2012, reporting a (pre-tax) profit increase of 21%, growth in the Australian market, a 50% increase in customer acquisition and a 41% growth in active customers. Paddy Power's CEO, Patrick Kennedy, stated that the company's 2012 success was due to a strong focus on "[promoting] our brand, products and Money-Back Specials."
                Mattingley said that 2012's earnings — "the highest revenues in the history of 888" — will be directed toward increasing investment in the United States and Spain while also improving 888's mobile and desktop software. Paddy Power's Kennedy described plans to continue focus on business expansion after its successful launch in Italy this year.