Poker Revenue Jumps 72 Percent At 888
Online Poker Revenue Grows To US$41 Million In First Half Of 2012
Online poker revenue has seen a significant surge at 888 growing 72 percent in the first half of 2012 to US$41.3 million from US$24 million in the same period of 2011.
Chief executive officer Brian Mattingley said, “The renewed focus on core competencies that we have instilled throughout the business has paid off with ongoing strength in Poker and Casino helping achieve our highest ever six month revenues, and also making this the most profitable period in the history of 888 since the refocus of our business outside the US market in 2006.
“Poker remains the star performer of the product stable… [with] active customer numbers up 63% in Q2 2012, this is in addition to a very strong increase of 90% in active customers in the prior year. We continue to be ranked 4th in the top ten of global poker liquidity by PokerScout.com.”
The company has doubled its poker revenue in Spain since launching its regulated product there and is currently the number two operator in the market with a 24 percent market share.
In the U.S. 888 currently has a deal with Caesars Entertainment to promote a World Series of Poker branded online poker room outside the U.S. and it recently signed a deal with gaming operator WMS to provide it with an online poker platform.
Poker drove an overall strong performance by 888 with total revenue up 21 percent to US$186.4 million in the first half of 2012 compared to US$153.8 million a year earlier.
888’s share price was up just over four percent to 86.64 pence at the time of writing.
|1||Three Years Later, Blair Hinkle Finally Receives His Missing $1 Million In Full Tilt Poker Money|
|2||Man Loses $500K On Super Bowl, Sues Casino|
|3||Poker Strategy With Ed Miller: Three Great Small Stakes Plays That Fail In Tougher Games|
|4||George Lopez Arrested For Drinking Way Too Much And Passing Out On Casino Floor|
|5||Chris Moorman Wins The 2014 World Poker Tour L.A. Poker Classic|
|6||Chris Moorman Headlines WPT L.A. Poker Classic Main Event Final Table|
|7||2014 World Poker Tour L.A. Poker Classic Main Event Builds $5.1 Million Prize Pool|
|8||U.S. Lawmaker Wants To Ban Online Poker|
|9||Poker Hand Of The Week: 3/6/14|
|10||New Jersey Online Poker Event Sees Huge Field|
|1||Chan Pelton Banned From All World Series of Poker Events and Properties After Taking Single Tournament Chip|
|2||Three Years Later, Blair Hinkle Finally Receives His Missing $1 Million In Full Tilt Poker Money|
|3||Man Loses $500K On Super Bowl, Sues Casino|
|4||High-Stakes Online Poker: Poor February Puts Blom Back In The Hole Lifetime On Full Tilt Poker|
|5||Police Arrest Two For Allegedly Using Fake Poker Chips At Maryland Casino|
|6||Crazy Gambling Stories From February|
|7||NBC National Heads-Up Poker Championship Not Running In 2014|
|8||Poker Strategy With Ed Miller: Three Great Small Stakes Plays That Fail In Tougher Games|
|9||George Lopez Arrested For Drinking Way Too Much And Passing Out On Casino Floor|
|10||Q&A With 2013 World Series of Poker Main Event Runner Up Jay Farber|