Online Casino Bolsters 888.com's Income

August 12th 2008

Online gaming company 888 Holdings Plc announced that second-quarter operating income increased by 36% helped by growth in casino gaming revenues.

Britain's second-biggest listed online gaming group, said operating income for the three months to June 30 was $69 million, up from $51 million a year earlier.

888 credited the improvement to growth in its casino gaming divison, where revenue rose 27% to $35 million. The company also benefited from strong progress in bingo and sports betting, which had combined revenues of $12 million compared with $2 million a year earlier.

That compensated a flat performance from 888's poker operation, where revenues were unchanged at $20 million.

888 had 214,725 active members using its online casino and poker games in the second quarter, up 3% on the same period last year.