888 performing well

Online gambling company 888 Holdings has reported a seven per cent rise in revenue for 2006 despite closing its US-facing business last year.

888 reported that net gaming revenues climbed to $290m (£148), a rise in seven percent from $271m. Its non-US revenues showed an even more impressive growth of 28 per cent, up to $157m.

That increase is a result of the shift in focus 888 had no option but to employ after the US’s crackdown on internet gambling, like this month’s release of the casino games blackjack, roulette and slots for mobile phones. Blackjack has performed considerably well and is pulling in average daily revenues of $28,000. Next month will also see the release of a new backgammon game.

"Following our exit from the US market in the fourth quarter of 2006, the company has worked hard to continue expanding its non-US business," 888 said in its update.

However, the average number of daily depositors was down by 37 per cent since 888’s October removal from the US market.

Meanwhile, 888 also announced that there is no further update on takeover talks with UK gambling company Ladbrokes and would release any news once there were any further developments.

Editor, Jackpot.co.uk - 2007-02-14 10:51:20

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