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Euro 2008 Affects Poker Revenue at 888.com

Quarterly Poker Net Gaming Revenue Down While Half Yearly Revenue Remains Flat


888.com, the London-quoted poker and gaming operator, has announced its key performance indicators for the second quarter of 2008.

Net gaming revenue for poker in Q2 2008 (April to June) was US$20 million — no increase over the same period in 2007 and 10 percent less than in the first quarter of 2008. The company said its poker results were in line with general industry weakness during the Euro 2008 football tournament.

Poker active customers remained stable grew 2 percent compared to Q2 2007 to 169,898 but were 1 percent lower than the first quarter of 2008.

Quarterly net gaming revenue per active customer for poker was at US$116 in the second quarter of 2008, down 3 percent compared to Q2 2007 and 9 percent lower than the previous quarter.

The company said it had experienced stronger poker trading in the first three weeks of July 2008.

Total operating income at 888.com, which also offers bingo, sports book, and casino, was up 36 percent to $69 million from $51 million in Q2 2007 and 5 percent over Q1 2008. 

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