888.com Net Poker Revenue Up 2.2 PercentPoker Grows Marginally but Outlook is Strong at 888.comby Brendan Murray | Published: Aug 27, 2008 |
 
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888.com, the publicly quoted bookmaker, today issued its interim results for the six months to the end of June 2008. The company, which operates Pacific Poker, saw net poker revenues up 2.2 percent to $41.7 million from $40.8 million in the same period of 2007.
Across all business units, the company grew strongly with profit before tax up 39 percent to $26.3 million in the first half of 2008 compared to $18.9 million in the first half of 2007.
Gigi Levy, CEO of 888, said, "The first half of 2008 was very successful for 888 Holdings as our innovative strategy, enhanced offering, and strong brand enabled us to achieve record half-year results and a seventh consecutive period of quarter on quarter growth.”
The interim report stated the company was optimistic that growth in net revenue for poker would be stronger in the second half of the year. “The third quarter has started as expected, led by the emerging offerings, as well as stronger poker net gaming revenue following the lower activity we saw throughout June and the Euro 2008 football championship. This is very reassuring given that Q3 is traditionally one of the seasonally weaker periods of the year and leads us to believe that we will see additional growth throughout H2.”