888 Holdings Still Showing Positive Financial Results

Online betting group 888 Holdings plc has released its first quarter 2012 results, highlighting a strong performance company wide with increased revenues.

Key financial indicators for the period ending March 31st, 2012 were:

• Group revenue US$94 million (Q1,2011: US$75 million), an increase of 25% year-on-year and a 4% increase compared to the strong Q4,2011

• Revenue B2C US$83 million (Q1,2011: US$64 million), an increase of 29% year-on-year and a 5% increase compared to Q4,2011, driven by Casino and Poker

• Number of active customers B2C Casino and Poker at 566,000, an 87% increase compared to Q1,2011, driven by successful new customer recruitment and marketing initiatives

Business to Customer results were:

• Revenue B2C at US$83 million (Q1,2011: US$64 million), an increase of 29% year-on-year and an increase of 5% compared to Q4,2011

• Revenue B2C Casino at US$42 million (Q1,2011: US$33 million), an increase of 26% year-on-year and an increase of 2% above Q4,2011

• Remarkably, revenue B2C Poker at US$21 million (Q1,2011: US$11 million), an increase of 88% year-on-year and an increase of 14% compared to Q4,2011. Some company restructuring may have ifluenced these numbers.

• Revenue B2C Bingo at US$14 million (Q1,2011: US$14 million), a decrease of 5% year-on-year and an increase of 4% compared to Q4,2011

• Revenue B2C Emerging Offering at US$6 million (Q1,2011: US$5 million), an increase of 14% year-on-year and an increase of 4% compared to Q4,2011

• Number of active customers B2C Casino and Poker at 566,000, an increase of 87% compared to Q1,2011

• Number of active customers B2C Casino at 227,000, an increase of 76% compared to Q1,2011

• Number of active customers B2C Poker at 405,000, an increase of 83% compared to Q1,2011

• Quarterly revenue B2C per active Casino and Poker customer was US$112, a 24% decrease compared to Q1,2011

• Quarterly revenue B2C per active Casino customer was US$185, a 28% decrease compared to Q1,2011

• Quarterly revenue B2C per active Poker customer was US$52, a 3% increase compared to Q1,2011

Business to Business Results were:

• Revenue B2B at US$11 million, an increase of 3% year-on-year and a decrease of 6% compared to Q1,2012

Commenting on his company's results, 888 Holdings CEO Brian Mattingley said: "Our focused strategy has led to another excellent quarter, with ongoing strength in Poker driving March to the highest ever monthly revenues in the history of 888. Poker has continued its robust performance in the early stages of Q2, with our other product areas seeing an expected return to seasonal patterns."

"There are significant growth opportunities offered by the liberalisation of new markets, which will take investment to realise. We will continue to invest throughout 2012 in order to build market share."

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