Strong Set Of Q4 Results From Online Gambling Group

STRONG SET OF Q4 RESULTS FROM ONLINE GAMBLING GROUP

07th February, 2012 at 02:39:40
Source: http://www.azonlinecasinos.com

888 Holdings posts some generally impressive numbers

Online gambling group 888 Holdings plc posted an impressive set of Q4-2011 results Tuesday, highlighting:

* Group revenue US$91 million (Q4 2010: US$71 million), an increase of 28% year-on-year and 6% increase on Q3 2011, led by B2C Poker and Casino, beating the previous records set in that quarter

* Revenue B2C US$79 million (Q4 2010: US$60 million), an increase of 32% year-on-year and 7% increase compared to Q3 2011, continuing the strong momentum in Poker and Casino

* Revenue B2C Casino US$42 million (Q4 2010: US$31 million), an increase of 34% year-on-year and 11% increase compared to Q3 2011 driven by strong customer recruitment and retention

* Revenue B2C Poker US$19 million (Q4 2010: US$11 million), an increase of 76% year-on-year and 2% increase compared to Q3 2011, driven by the continuing success of the Poker 6 platform and effective customer retention activities

* Revenue B2C Emerging Offering US$6 million (Q4 2010: US$4 million), an increase of 36% year-on-year and 9% increase compared to Q3 2011

* Group revenue in full year 2011 reached US$331 million (2010: US$262 million), the highest on record, representing an increase of 26%

* Number of active customers B2C Casino and Poker at 478,000 (Q4 2010: 283,000), a 69% increase

* As at 31 December 2011, 888 had 10.6 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 22% from 31 December 2010

* First strand in US strategy with Caesars Interactive Entertainment B2B deal expanded into the US market

* New Casino product being released

* Strong current trading continues into 2012 first quarter

Key Performance Indicators in Q4 included:

Group

* Revenue US$91 million (Q4 2010: US$71million), an increase of 28 percent

* As at 31 December 2011, 888 had 10.6 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 22% from 31 December 2010

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