888 Holdings Posts Strong End-of-Year Numbers

The solid earnings reports keep flowing in for the online gaming industry.  This week, 888 Holdings reported that it completed both a strong fourth quarter and year, its first complete year without any customers from the United States. 

Net-gaming revenue for 2007 (non-U.S. only) hit $213 million, an increase of 36 percent from 2006.  The fourth quarter was even more successful than the year overall, seeing a 55 percent improvement from the same quarter a year ago.   

The bulk of the growth came from 888’s casino operations through its Casino-On-Net site.  Its poker room, Pacific Poker, still performed well, however, growing its revenues 18 percent in 2007.  The company believes that it can double its revenues and triple profits by 2010. 

888 Holdings’ share price has performed well as of late, up over 21 percent this month.