888 Reports Strong 2007

888 Holdings, operator of Pacific Poker, reported very strong 2007 results Tuesday, indicating that it is bouncing back nicely from the loss of its American customers in late 2006. 

When U.S. customers were factored out, 888’s pre-tax profits more than doubled, jumping from $22.2 million in 2006 to $45.8 million in 2007.  Total revenues were up 38 percent to $216.9 million.   

Casino revenues led the way, comprising $118 of the total, up 33 percent.  Poker revenues increased 18 percent to $81 million.  The company also launched a new bingo brand, 888Ladies.com, during the year. 

Active quarterly customers (for both casino and poker) rose 11 percent 209,000.

Shares of 888 Holdings on the London Stock Exchange closed at 150p Tuesday, up 4.7 percent.