Gaming revenues at 888 Holdings plc have improved across all business segments during the first half of 2011 to reach US$153.8m, up 18 per cent on last year, but not enough to offset significant restructuring costs and other charges, resulting in a swing to a loss of $23.3m for the period.

The good news for the company is that its renewed focus on core strengths has resulted in a significant improvement in its B2C operations, with poker revenues for the first half climbing 22 per cent year-on-year to $24.0m and active player numbers rising by a highly creditable 90 per cent. In casino too, which accounts for almost 53 per cent of total B2C revenues compared to poker’s 18 per cent, revenues climbed by 16 per cent to $69.0m on the back of an even more impressive 134 per cent rise in active player numbers.

Premium subscribers continue here to the full article.

 

Related