888poker Revenue Up 59 Percent
Poker Continues Rapid Expansion at Online Gaming Operator
888 Holdings Plc has published its second quarter 2012 interim management statement which makes for satisfying reading for shareholders.
Online business-to-consumer poker revenue was up 59 percent to $20 million from $13 million in the second quarter of 2011.
The company said this was, “…primarily boosted by ongoing product improvements, targeted marketing and effective CRM.”
The positivity continued with the number of active poker customers up 63 percent to 378,000 compared to the same time last year although quarterly revenue per active poker customer dropped three percent to $53 from 12 months earlier.
One of the highlights of the quarter for 888 was its move into the Spanish market where it says it is currently number two in the market.
In the first six months of 2012 poker revenue was up 72 percent to $41 million from US$24 million in the first half of 2011.
Overall the company, which offers sports book, casino and bingo as well as poker, saw group revenue up 17 percent to $92 million in the second quarter from a year earlier.
888’s share price was unchanged at the time of writing.
|1||Martin Jacobson Talks About His Main Event Win|
|2||Man Robs Bank To Continue Gambling Session|
|3||Web Poker: Phil Ivey Wins $690K In A Week|
|4||Crime Film 'Poker Night' To Hit Theaters Dec. 5|
|5||Golfer Accuses Lawyer Of $3M Theft For Gambling Debts|
|6||DNA Links Military Official To Poker Chips|
|7||Poker Strategy: Stuffing It In|
|8||Bellagio Heist Suspect Declared Unfit For Trial|
|9||Poker Strategy: Multi-Level Thinking|
|10||Police Bust Underground Poker Game In Minneapolis|
|1||WSOP Runner-Up Hit With Huge Tax Bill|
|2||Riess Apparently Put His Money In Stocks|
|3||Phil Ivey Approved For Medical Marijuana In Vegas|
|4||WSOP: Van Hoof Leads Final Three Players|
|5||WSOP: Mark Newhouse Eliminated In Ninth Place|
|6||Poker Pro Phil Ivey Swinging Hard Online|
|7||Online Poker: Check Out This Interesting Ivey Hand|
|8||WSOP: Billy Pappas Eliminated In Fifth Place|
|9||Jacobson Wins WSOP Main Event and $10 Million|
|10||Archie Karas Receives Probation For Marking Cards|