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||Blom Wins $500K Online During World Series Of Poker|
|2||Poker Strategy -- Daniel Negreanu On Balance Versus Adaptability|
|3||A Poker Life: Jeff Madsen|
|4||Jerry Yang's World Series Of Poker Watch On eBay|
|5||Poker Strategy With Ed Miller: Dominating Deep Cash Games|
|6||Poker Strategy With Reid Young: Game Theory vs. Pot Odds|
|7||One Of Vegas' Oldest Casinos Finds Internet Poker|
|8||Poker Hand of the Week: 7/17/14|
|9||IGT Acquired By GTECH For $6.4 Billion|
|10||Card Player Poker Tour Choctaw Results: Events 2, 4 & 5|
|1||One Drop Winner Daniel Colman Didn't Talk To Media Because He Sees Poker 'As A Very Dark Game'|
|2||Pamela Anderson Divorces Rick Salomon Just Days After He Won $2.8 Million In 'Big One For One Drop'|
|3||Daniel Negreanu Had 87 Percent Of Himself In $1 Million One Drop Poker Tournament, Agent Says|
|4||Dozens Gamble On $1,000 Flips For World Series Of Poker Main Event Seat|
|5||Poker Pro Johannes Strassmann Dead At 29|
|6||Daniel Colman Wins $15.3 Million In 2014 World Series of Poker Big One For One Drop|
|7||It Appears Poker Legend Doyle Brunson Has Played His Last WSOP Main Event|
|8||High-Stakes Poker Player Paul Phua Arrested In Las Vegas For Allegedly Taking Bets On World Cup|
|9||Poker Pro Chad Brown Loses His Battle With Cancer|
|10||With Top-Two Finish In One Drop, Daniel Negreanu Takes Lead On All-Time Tournament Money List|