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888 report positive results

888 Holdings, an iGaming operator based in Gibraltar revealed their short term financial results for the 2nd quarter of 2011 which shows a positive 29% rise in total revenues to $78.5 million when compared to last year.

888 Holdings also reported a 4% increase over the previous quarter mostly due to the strong casino and poker performances. 888 revealed that a 21% increase in real-money registered customer accounts to 9.6 million over last year.

The business to consumer revenues for the first half of 2011 rose by 29% to $66.4 million according to 888 and revenues from its business to business operations also rose by 28% to $12.1 million when compared to last year.

Brian Mattingley, 888’s Deputy Chairman stated that “this quarter has seen strong business-to-consumer performance 888 especially in poker and casino.”

“While the excellent figures reported today give the board confidence of future growth, the second half of 2011 will be impacted by our need to invest in regulating markets as these open up for us.

“However, despite the second half including the seasonally weaker summer trading period and after taking account of the increased cost of investment, we are confident, given the strength of current trading, that the company will report a financial performance for the full-year to December 31 marginally ahead of current market expectations.”

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