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888 Poker Revenue Down 30 Percent in 2009

Dragonfish Performs Well But Poker Continues to Slump at 888.com

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Shane Warne sponsored by 888.com888.com today issued an interim statement with its key performance indicators for fourth quarter and full year 2009.

Total operating income from poker for 2009 was $52 million, down 30 percent on the $74 million generated in 2008.

Fourth quarter (Oct. to Dec. 2009) operating income from poker was $13 million, down 11 percent compared to the $15 million generated in the same period of 2008 but up 3 percent compared to the previous quarter.

The number of active customers in the business-to-consumer poker business was 132,000, down one percent on the previous quarter while quarterly total operating income per active customer in the business-to-consumer poker business was $98, up five percent on the previous quarter.

Dragonfish, the business-to-business unit at 888 which recently struck a deal with Lex Entertainment to its online poker site, took in $14 million in the fourth quarter of 2009, up 36 percent on the same period of 2008.

Group income generated by all businesses was down six percent to $247 million in 2009 compared to $263 million in 2008.