888 Holdings plc
14 September 2006

888 Holdings Public Limited Company

('888' or the 'Company')


Interim Results for the six months ended 30 June 2006





888, one of the world's most popular online gaming entertainment companies,
announces its interim results for the six months ended 30 June 2006.


Financial Highlights


Profit before tax* up 88% to $48.0m (H1 2005: $25.6m)
Net Gaming Revenues ('NGR') up 32% to $163.5m (H1 2005: $123.7m)
Profit before tax* margin up to 29% (H1 2005: 21%)
Operating expenses % of NGR down to 25.6% (H1 2005: 28.0%)
Cost per acquisition** of US$165 (H1 2005: US$200)
Net cash generated from operating activities up 109% to $56.1m (H1 2005:
$26.8m)
Basic EPS* up 89% to 13.8c (H1 2005: 7.3c)
Interim dividend of 4.5c per share
Special dividend of 4.0c per share


* 2006 - excluding share benefit charges


** Excluding customers recruited on a revenue share basis.


Operational Highlights


Geographical expansion outside US - 48% of NGR from non-US territories
and 67% of new real money sign ups from non-US territories


Rapid growth in NGR in the UK up 61% and Continental Europe up 16%


Increased yields per member from Casino and Poker divisions


Continued technological innovation


Continued investment in the 888 brand through sports sponsorships
including two new football sponsorships with Sevilla FC and Toulouse FC in
addition to the World Snooker Championship and a third year with
Middlesbrough FC


Commenting, John Anderson, CEO of 888 said:


'These are excellent results and represent a record performance of profitable
growth. We have delivered on all our flotation goals.


Trading during the first 10 weeks of Q3 is in line with management expectations
and we are on track to achieve a satisfactory outcome for the full year.

As of 31 December 2006, I shall step down as CEO and take the role of
non-executive Director. The current COO, Gigi Levy will succeed me as CEO.
Gigi is an excellent, experienced individual who is more than capable of taking
on this challenge.

I am proud to have led 888, since 2000, through its formative years into the
success it is today. Over the past six years, 888 has been a pioneer in the
online gaming industry.'



An audio replay of the presentation to analysts will be available from the
investor relations section of 888's website (
http://www.888holdingsplc.com

Interesting though, that no matter how good the results are (& they are excellent) the sp is down due to nervousness over U.S. anti-sports betting moves.

should rebound tomoro...170p i reckon

I'm in at 145-bought for the rebound, excellent results and the special divi! I'm out of SBT at the mo can't afford em all, but am holding on to my PRTY. agree with Maestro this is a good company oversold.

The Questor column
Edited by James Quinn

(Filed: 15/09/2006)



In the lottery of online betting businesses, 888 is worth a punt

888 Holdings
Stock: 151p +4.5p
Questor says Buy

Of all the places to place your bets, online gambling operators are perhaps the riskiest. Shares across the sector have been highly volatile since the US authorities started to feel the collars of British executives, including Sportingbet chairman Peter Dicks, who yesterday quit his post at the online gamer despite being allowed to return to the UK following a hearing in the US (see B1). That said, looking at the half-year figures of online casino group 888 Holdings, you wouldnt know anything was amiss in the sector. Pre-tax profits increased 78pc to $44.1m (23.3m) on net gaming revenues up 32pc to $164m.


The company is paying out a 4.5 interim dividend on October 31 plus a special dividend of 4. So is all as rosy as it looks? Importantly, 888 is not involved in sports betting, which is the key tormentor to the US authorities at the moment. In addition, 888 has enjoyed lower customer acquisition costs by being smarter with its marketing budget. Only high-spending customers and frequent customers have been receiving bonuses and this has a double benefit to the company. As well as keeping costs down, it has helped push up average spend per customer in the second quarter to $622 per active customer from $463 a year before. This is a highly impressive figure, though the company is unlikely to repeat this jump in improvement. Hats off to them, says Richard Carter at Numis Securities, who has upgraded his pre-tax profit forecasts by more than $5m to $97.8m. The one downside is that it is obviously having difficulty spending its cash, hence yesterdays special dividend.

888 is on the lookout for acquisitions, pointing out it is on course to generate more than $100m of free cash this year and has taken a look in the past at Ukbetting. But it has not struck any major deal in the past year, and nor is it about to. The shares were at 245p before the summer, but have been punished by the general sector malaise, and at this level are well worth backing.

15th Sept 06

Panmure Gordon says buy 888 Holdings , BAE Systems (LSE: AP16.L - news) , Dignity , Foseco , nCipher , Premier Foods (LSE: PFD.L - news) , Punch Taverns (LSE: PUB.L - news)

Numis says buy 888 Holdings and Communisis (LSE: CMS.L - news)

Yeah, but at what price. They have just dipped 10p to 1.39.
IMO it is essential to only hold a short position on any of these gambling stocks.

why,..because some yankee bible bashing hillbilly don't like gambling...dream on!

Its all starting to get very messy indeed, it will be a tough week ahead.

Fact is ,profit before tax up 88% ,wow

888 is indeed a cash cow, generating massive profits

Maybe, but 888 is on the hitlist of the state controlled PMU in France & 888 are the recent sponsors of Toulouse stadium which is a huge conflict of interests.
I think that their profit forecast may have to be considerably trimmed.
Difficult times ahead, both for U.S. & European facing sites.
If the Far Eastern countries start the same clamp down, internet gambling would, imo, be sunk.

You'll find most of the coverage of the little unrests in the gaming sector are used by the swing traders to get the price down, let it bounce back, down on the next news etc...

The simple fact is these companies are raking the money in, and all that the authorities can try to do to get their hands on some of the money is arrest a few execs, so what. Its shows their impotence that this is all they can do. Being a nuisance, thats all they can.

The swing traders are using laughable news with a massive negative slant, does the SP of BAT fall if Korea introduces tougher cigarrete controls ? (Its a large market for BAT), or if China clamps down on smoking in public places (an even larger BAT market). No, of course not, but that kind of news has more implcations for the likes of Imperial and BAT than a few exec's in the gaming industry being arrested.

The swing traders are playing everyone for fools, and a fool and their money are soon parted.

FSA should investigate who is shorting these gaming stocks...its obvious bets were put on from people in the know who knew these arrests were coming friday

PP - I am sure SBT would be very flattered that you are comparing them to BATS but you have, imo, missed the point.
SBT is a small company with 8.8m of assets, with 324m shares in circulation.
BATS has assets of over 2b, turnover of over 9b & over 2b shares in circulation.
If SBT lose a significant market share, such as the U.S., then that will impact on their profitability within a short period of time.
BATS are constantly under threat of litigation in the U.S. over smoking / health issues but still manage to show a healthy profit. Plus smoking is not illegal for adults anywhere in the world(Except in specific public areas). Gambling is, rightly or wrongly.

nice recovery today- good dividend early October.

Re: Investors Chronicle - 888 article ?? Mellious
22 September 2006

888 HOLDINGS (888)

"888 has no involvement in sports betting," the internet's leading casino-site operator reassured its investors, following the arrests in US airports of the directors of two prominent online bookmaking firms. In reality, though, it's doubtful that the US authorities would distinguish between sports betting and roulette, were one of 888's top brass also to touch down on their soil.

Nevertheless, 888's management team is diversifying the business outside the US. Nearly half of its net gaming revenues came from other countries during the first six months of this year. And more than two-thirds of those who opened an account with one of 888's websites were non-US citizens.

While the US crackdown has clearly played havoc with 888's share price, it has not hurt the business. Both its casino and poker interests have achieved decent growth in net gaming revenue. The big risk, though, is if the US steps up its campaign, whether by trying to disrupt payments to and from online gambling sites, or by other tactics. So broker Panmure Gordon expects adjusted EPS to rise from 19.3 to 27.1 (about 14.4p) this year, and to 31.9 in 2007.




--------------------------------------------------------------------------------
Ord price: 146p Market value: 492m
Touch: 146-148p 12-month High: 263p Low: 130p
Dividend yield: 1.64% PE ratio: 14
Net asset value: 23 Net debt: $86.8m
1 = $1.88



--------------------------------------------------------------------------------
Half-year Turnover Pre-tax Earnings Dividend per
to 30 Jun ($m) profit ($m) per share () share ()

--------------------------------------------------------------------------------

2005 124 25.6 7.3 nil
2006 164 44.1 12.7 4.5
% change +32 +72 +74 -

--------------------------------------------------------------------------------

Last IC view: Buy, 148p, 28 Jul 2006
Ex-div: 11 Oct
Payment: 31 Oct
Excludes special dividend of 4 a share


888's shares are back to where we tipped them last year at 143p (18 November 2005). True, they're high-risk, but the rating is as cheap as chips, and there's an attractive dividend yield, too. Still worth a gamble. Buy.

could one of you smart investors decipher the director share purchases RNS for me. Have they invested their own cash with a matching award of options or were all these shares given free by the company....thanks for any help.

bonfield.

Now the question is whether the lure of a good dividend and the good results are enough to counter the bad news concerning the blocking of payments to & from banks & credit card companies to internet gambling sites?
888 seem to be in a slightly better position than SBT & PRTY, but future profits are likely to suffer imo.

888 possible target by Ladbrokes according to reporter in Mail on Sunday.

PartyGaming and 888 Holdings in talks about 1.6 bln stg merger - reports
AFXU


LONDON (AFX) - Online poker operators PartyGaming PLC and 888 Holdings have held talks about a 1.6 bln stg merger, according to reports.

The companies, which have been hit by new US laws restricting online gambling, have held exploratory discussions in the last couple of weeks to combine their pool of online players, several UK Sunday newspapers reported.

The Sunday Times quoted a source as saying all the companies in the sector had been talking to each other to try to find a solution to the problems caused by the new legislation.

Other firms also trying to find ways to consolidate reportedly include Sportingbet, Excapsa and Austrian group Bwin Interactive Entertainment.

In the F.T. 4th Nov:
"It is believed that Ladbrokes have been in early talks with 888."
"Analysts have long believed that Ladbrokes would make a take-over move on 888, with a good match of of the 888 casino brand & Ladbrokes onshore betting empire."

Up 10% this afternoon. Has anyone info on this rise as no rns released yet.

maestro I bought 11500 of these at close on friday at 1.32. I was happy to sell this morning at 1.40 and a quarter. If they go back down today I will buy back again.

This particular stock has been pretty quiet recently, but the following may explain the reason:
"
LONDON (AFX) - UK bookmaker Ladbrokes PLC could start a wave of consolidation across the online gambling sector with an innovative 440 mln stg takeover plan for 888 Holdings PLC designed to avoid legal action in the US, reports The Mail on Sunday.
Ladbrokes has held talks with 888 over a possible takeover but the Mail says discussions have been stalled by fears that the bookmaker might be targeted by US law enforcers after making the acquisition.

Ladbrokes has now devised a strategy to buy the assets of 888, leaving the UK-quoted company as an independent entity. Ladbrokes would, therefore, be distanced from any criminal liabilities faced by the online casino company.

It says Ladbrokes' lawyers and bankers are working on a structure that strips out most of 888's assets, including the intellectual property, customers and website, but will stop short of buying the company as a whole.

Neither party were available for comment."

news imminent..tip off

SP down 8% so is news expected to be bad?

doubt it...check out www.gambling911.com 888 sees poker players rise

The charts looks like its going to blow very shortly.

Blow?
Please elaborate.

Sorry I meant the charts are indicating the sp are likely shoot up very shortly. Do you think the same?

I think that it is bad news for 888 that Ladbrokes are preparing to strip out the assets of 888, leaving the shell of the company to take the brunt of any ongoing U.S. legal action.
Also, if I am right in reading the chart, the sp is nowhere near breaking through the 200 DMA which for me is the crucial line. I know cynic often looks at the 25 & 50 DMA but for sustained upward movement the 200 DMA is the one to watch.
I know the sp has moved up recently & that's good news for all of us still holding, but to be honest, I am not confident that it will continue.

Fair enough Harrycat but note, I think this company has not really been dependant on US like PRTY SBT so I dont think there any US legals stuff are hanging around. Have you seen the recent trading statement last week, it was pretty good I thought. Even if Ladbroke doesn't decide to go for 888, I think the sp has more or less bottomed out now. DYOR

I agree that 888 is a well run company & it is good to see that it is making money.
I almost wish that Ladbrokes wouldn't take it over as I think that 888 would manage to survive & grow under the current management, but if Ladbrokes don't do the deed then there are others still lurking in the background (PRTY etc). They were talking about a valuation for takeover of 130-140p per share, so we may hopefully see the sp increase up to that level.

"LONDON (AFX) - Ladbrokes's 470 mln stg takeover of online gaming firm 888.com has run into trouble, prompting much of the gambling industry to write the deal off, The Sunday Telegraph reported.
The newspaper said, citing several sources close to the deal, that the spectre of US litigation over 888.com's previous trading in the US remains a sticking point that is insurmountable."

And subsequently the sp is up 10%+.
It would seem the market also prefers that the deal does not go ahead.

results out any day my moneys' on them being good

cannot understand why the delay though...

Looking at the charts it appears the resistance is on 200MA at 130.09, if it breaches this tomorrow, it will be looking good, the sky the limit. Last time it above this was when the sp was 200p back in July 2006

OK when's the results due chaps?

Hi stockbunny,

888 Holdings Public Limited Company ('888')

Notification of Preliminary Results

888 Holdings Plc, one of the world's most popular online gaming companies, will
be announcing its preliminary results for the year ended 31 December 2006 on
Monday 30 April 2007. A presentation for analysts will be held at 09:30 at No 1
Cornhill, London, EC3V 3ND

Cheers me-dear! :>)

Greeting all holders

Were any of you panicked into selling this morning?

I don't hold any ............. but am tempted by the expectation of decent results and Ladbrokes saga out of the way.

What is your take in the charts, for this one?

All views welcome

Cheers
Amar

For those of you who don't get Shares Mag:
Numis believe that 888's finals & trading update will be upbeat & should be enough to send them upwards.
Numis currently has a target price of 148p but says it is likely to increase this to 177p depending on the results.

when will these results be out?

Monday

Thankyou very much Neil. Good luck all.

Greetings all.

Bought in today ................. purely looking for a positive result on Monday.

Some chunky trades at around close of play.

More thoughts welcome.

Have a nice weekend
Amar

888 traffic statistics are far higher than any other gaming site by far...decided to buy on this factor

News 30th April 2007
"Online gaming firm 888 Holdings reported record 2006 earnings despite losing its US operations.

The US, had accounted for 55% of the business, before being ruled illegal from the start of the fourth quarter.

Pretax profit before share benefit charges and reorganisation costs rose by 34% to $90.5m from $67.4m the previous year.

That was substantially ahead of market forecasts which ranged between $58.3m-$76.4m.

The pretax profit margin was increased to 31%, from 25% in 2005.

Net gaming revenues grew by 7% to $289.9m, against $271m the year before. That included a 28% rise in net gaming revenues from continuing operations to $157m from $123m the previous year.

In the first quarter of the current year, net gaming revenues have growth by 16% from the fourth quarter of 2006, driven by the rollout of new products such as localised Video Slots, Blackjack in Poker and Crazy Blackjack.

'Given this start to 2007, the release of new products, our Bingo acquisition and our clear business strategy, we are confident of delivering future growth in 2007,' said CEO, Gigi Levy.


888 is recommending a final dividend of 8.88 cents per share 'given the strong financial performance'. "

LONDON (Thomson Financial) - "888 Holdings PLC has followed the lead of rival PartyGaming PLC by initiating 'preliminary discussions' with the United States Attorney's Office for the Southern District of New York.

888 said it started the talks following uncertainty over the likelihood of action by US law enforcement agencies regarding activity in the U.S. prior to the enactment of the Unlawful Internet Gambling Enforcement Act on Oct 13 last year.

The online gaming firm stopped customers in the US from playing or making deposits on any of its real money sites after the UIGEA was introduced.

888 said it is too early to assess the possible outcome of the discussions but added a further announcement will be made 'if and when appropriate'.

The UIGEA effectively banned online gambling in the US where 888 had derived over half its revenues.

Yesterday, PartyGaming which, like 888, is advised by the law firm Freshfields, issued a similar announcement confirming it had initiated talks with the same Attorney's Office and responded voluntarily to a request for information.

James Hollins, an analyst at broker Daniel Stewart, believes this is 'the most sensible route for operators that used to offer their services into the US, essentially working with the authorities to hopefully draw a line under any potential ongoing litigation'.

Numis analyst Richard Carter also believes the talks are a positive development for the industry.

'Although it is too early to assess the outcome of these discussions, our intelligence tells us that there now appears a willingness on behalf of the US Attorney's Office to settle and draw a line under the uncertainty caused by recent DoJ actions,' he said.

Carter identified 888 as his 'key pick' in the sector given its 'strong pipeline of new game and product development, improving trading momentum and ability to expand acquisitively given the group's cash balances'.

Numis has a 'buy' recommendation and 172 pence price target on the stock."

LONDON (Thomson Financial) - "888 Holdings PLC, the online gaming company, is expected to report strong current trading alongside its first half results Monday, boosted by the recent wet weather in the UK and its enhanced casino and poker offering.

Numis Securities forecasts a pretax profit of 16.4 mln usd. Comparatives are meaningless as last year featured a contribution from the US, which accounted for 55 pct of revenues until legislation outlawing the industry was passed last October.

Numis expects earnings per share of 4.4 cents and an interim dividend of 1.9 cents per share.

'Although Q3 is usually the softest trading quarter for the majority of the online gaming sector we expect management to report strong current trading given its revitalised casino offering and the unseasonable UK wet weather in July and August,' said Numis analyst Richard Carter.

Earlier this year, Ladbrokes PLC was forced to scrap plans to acquire 888 amid concerns it would not have been able to successfully ring-fence any liabilities or legal ramifications faced by 888's previously US-facing operations.

Sector followers believe the deal could be revived if and when there is clarity on perceived legacy issues.

Numis has a 'buy' recommendation and 172 pence price target on the stock.

'Despite a recent rally in the shares we still think there is much further to go and anticipate H1 results to act as a strong share price catalyst,' said Carter.

Carter highlighted 888's strong pipeline of new game and product development, improving trading momentum, and ability to expand acquisitively given its healthy cash balances."

Here's hoping the gaming sector now picks up!

"LONDON (Thomson Financial) - 888 Holdings PLC said it has launched its Italian sportsbook, 888.it, adding it is a progression of its strategy to expand its product offering.

The online gaming company said 888.it, together with Cogetech, a local partner specialising in the Italian market, will offer fixed odds initially related to all national sports events and international events that are of a national interest.

The company said 888.it will expand its offering at a later stage to include national horse races and skill games.

888 said the Italian gaming market is extremely dynamic and the sports betting segment is growing strongly."

888 may look to pick up LNG to add to its Italian operations, LNG has confirmed it has had new approaches.

LONDON (Thomson Financial) - "Online gaming company 888 Holdings PLC reported a 37 pct rise in third quarter net gaming revenue to 52.5 mln usd, and said it is confident about its performance in 2007 and beyond.

888 said its fourth quarter trading has started strongly and that during the first 26 days of October, its average daily revenue in both Casino and Poker was about 11 pct higher than the daily average for the third quarter.

The company said its third-quarter net gaming revenue from Casino and Poker rose 24 pct to 47.6 mln usd.

Chief executive Gigi Levy said 888 is 'very pleased' with the performance, in what is traditionally the slowest quarter of the year.

Net gaming revenue in the third quarter was 5 pct higher than in quarter two with September being the company's best month since its enforced withdrawal from the US following the passing of the US Unlawful Internet Gambling Enforcement Act in Oct 2006.

Levi said this record month has been exceeded in October with 'growing momentum' seen following the launch of a TV advertising campaign in the UK and other targeted markets.

During the period, 888 launched its first sports betting operation in Italy. It plans further product localisation with the release of its software in 14 languages.

Punters will have access to over 40 casino games in all 14 languages."

LONDON (Thomson Financial) - \"888 Holdings PLC said it has entered into a partnership with Kamay Holdings Ltd, operating casino and poker under various brands and powered by 888.com.

This new offering will launch in the beginning of Jan 2008, the online gaming entertainment company said.\"

888 currently a 'hold' recommendation by 6 analysts on Selftrade.
Div yield predicted to be 3.78% this year, 4.59% in 2009.
I saw a price target of 155p (I think on Digitalook, but can't find the broker at mo) which has already been passed.
Looks like all the main gaming companies are producing reasonable results which seem to be unaffected by the current credit squeeze.

"Net gaming revenues from the casino arm were up 33 per cent to $118m, with poker 18 per cent ahead at $81m.
This year has also seen the launch of a new bingo brand, 888Ladies, and gaming partnerships signed with groups such as snooker hall operator Rileys.

Chief executive Gigi Levy said 2007 was a "year of transformation" for the group.

He added: "With many initiatives now underway, we see a bright future for the business."

Broker Numis Securities said 888's results were ahead of its expectations.
As a result, analyst Richard Carter said he "felt comfortable" raising his profits forecast for this year by 1 per cent, and the year after by 2.6 per cent."

Evolution Secs currently have a 'Buy' on this stock with a price target of 192p.

"888 announced today, together with its interim results, that its board of directors has approved the payment of an interim dividend of 2.5 cents per share to holders of 888's ordinary shares.

The board of directors has approved a record date of 10 October 2008 and a payment date of 31 October 2008. The shares will be quoted ex-dividend on 8 October 2008."

MoneyAM
888 Holdings reported another record year with EBITDA up 23% to $55.7m for 2008.

Pretax profit was up 6% to $48.6m (2007: $45.8m) and total operating income up 21% to $262.5m (2007: $216.9m).

888 said its emerging offerings (Bingo, Sportsbook, Live Dealer Casino, Backgammon and B2B) were up 208% to $44.5m (2007: US$14.4m).

Casino revenue up 14% to $135.1m (2007: $118.1m) and Poker revenue down 4% to $77.2m (2007: $80.8m).

EBITDA margin increased slightly to 21.2% (2007: 21%).

The company had cash and equivalents of $98m at period end.

A final dividend of 2.9 cents will be paid, giving a total dividend for the year of 5.4 cents following 2.5 cents interim dividend.

A new B2B deal was announced today with the Racing Post, the pre-eminent horse-racing industry publication plus two other new B2B deals signed, bringing the total for 2009 to four. "

Business Financial Newswire
"Internet casino and branded gaming software firm CryptoLogic is expanding its relationship with 888 Holdings plc.

The move will bring five new games to some of the world's most popular internet gaming sites.

888.com, the flagship English-language casino site, plans to feature eight CryptoLogic games by the end of 2009.

CryptoLogic president and chief executive Brian Hadfield said: "The relationship between CryptoLogic and 888.com continues to grow, driven by our mutual commitment to a superior player experience.

"It's exciting to have one of the biggest names in e-gaming choosing CryptoLogic games.

"CryptoLogic and 888 both recognise that in today's internet gaming market, playability means profitability."

Business Financial Newswire
"Mobile gambling firm Probability has entered a strategic agreement with Dragonfish, the B2B division of 888 Holdings.

Probability and Dragonfish will develop opportunities for mobile gaming and lottery services in territories including China, South and Central America. Revenues will be shared between the companies.

CEO Charles Cohen said, 'Dragonfish has already identified a number of opportunities for us to explore together and we look forward to keeping investors apprised of key developments.' "

Business Financial Newswire
"Online gaming group 888 Holdings said total operating income fell 13% to $118m in the first half.

Pretax profit for the half-year to end-June fell to $14.9m from $26.3m last time.

888 said the economic downturn and foreign currency factors pulled turnover down to $117.8m from $131.5m.

888 announced today, together with its interim results, that its board of directors has approved the payment of an interim dividend of 1.0 cent per share and a special dividend of 2.6 cents per share comprising a total dividend of 3.6 cents per share to holders of 888's ordinary shares.

The board of directors has approved a record date of 11th September 2009 and a payment date of 8th October. The shares will be quoted ex-dividend on 9th September 2009.

Holders of shares may elect to reinvest their dividend*. The latest election date is 14th September 2009."

Business Financial Newswire
"Dragonfish, 888's B2B division, has signed a long-term deal with Harrah's Interactive Entertainment.

Dragonfish will use its Total Gaming Services approach to support the UK launch and roll-out of the World Series of Poker ('WSOP') and Caesars Casino brands.

Dragonfish will deliver its market leading poker and casino software, ePayments, CRM, Customer Support and VIP services, creating a platform to grow the WSOP and Caesars casino brands online. 'This is a ground breaking deal for 888 and demonstrates our ability to provide real value to globally renowned, land-based casinos and their leading brands,' said Gigi Levy, CEO of 888. 'We have the structure in place to realise our B2B division's full potential over the next 18 months and beyond and today's announcement of our partnership with an industry giant is further vindication of this strategy.'

'As we develop and roll out our interactive strategy, we have chosen to work with 888, primarily for their world-class technology, scalability, and a strong commitment to compliance, and responsible gaming,' said Mitch Garber, CEO of HIE. "

strong>Business Financial Newswire
"Online gambling company, 888 Holdings says that operating income for the 3rd Qtr was 10% down on the same period last year but management remains confident of achieving targets for the full year.

Operating income for the three months to 30 Septmeber 2009 was $61m which was down on the same quarter last year and flat compared to the previous quarter.

Business to consumer operating income fell by 15% to $48m but was virtually the same as the previous quarter. Whereas business to business income was 15% higher at $13m and 2% higher on the previious quarter.

The Group says that trading in the 4th Qtr has started well.During the first five weeks daily average revenue as well as new customer recruitment increased by more than 8% compared to the average achieved during Q3.

The financial position remains strong with approximately $105 million cash equivalents (of which approximately $35 million represent liabilities to customers) and with no debt. "

Business Financial Newswire
"888 Holdings target price raised to 145p from 125p at Daniel Stewart, buy maintained"

Business Financial Newswire
"888 Holdings raised to buy from neutral at Goldman Sachs, TP 153p up from 121p"

Business Financial Newswire
"Online gaming firm 888 Holdings reported EBITDA of $45.6m (2008: $55.7m), slightly ahead of market expectations.

Total operating income was $246.7m (2008: $262.6m), the decline driven by the economic downturn and foreign currency effects.

Profit before tax was $34.6m (2008: $48.6m).

B2B revenue was $51.3m (2008: $38.6m), an increase of 33%.

Emerging offering revenue was $25.1m (2008: $13.8m), an increase of 82%.

A final dividend of 3.0 cents will be paid, giving a total dividend for the year of 6.6 cents.

888 said its B2B division has been launched in its own right as 'Dragonfish'.

The acquisition of Wink Bingo completed on 31st December 2009 and it already contributing to revenue and profit.

Real money registered customer accounts totalled 7.1m (2008: 5.8m), an increase of 22%.

Dragonfish signed a first-ever e-Payments processing agreement with Linden Lab, extending its offering beyond online gaming

Dragonfish also signed a major deal with bwin Italia and deals have been signed to open up new territories, including: South Africa (Phumelela), Balkans (Loper Gate), China, South and Central America (Probability). "

Business Financial Newswire
Online gaming firm 888's total operating income rose by 21% in the first quarter to $69m and a 13% increase on a pro forma basis.

888 had 7.6 million casino, poker and sport real money registered customer accounts at the end of March - an increase of 24% since March 2009.

But is says Q2 trading to date has been disappointing in casino, poker and bingo, in part due to historical seasonal trading patterns.

During the first 25 days of the quarter daily average revenue was approximately 13% below the Q1 average.

Chief executive Gigi Levy said: "While Q1 saw improvement on a year-on-year basis, B2C trading remains challenging across our product range, partly influenced by the seasonal pattern.

"Emerging Offering continues to out-perform the core products, and Dragonfish continues to win new deals, notably those in the newly regulated Italian market with bwin Italia and Gioco Digitale.

"However, revenue from new deals is yet to gain significant volume.

"We believe that the right steps are being taken to counter the current challenges we face, and the board remains confident in 888's strategy."

With a few of the gaming stocks falling away, I suspect consolidation in the sector is not too far away. The next year or so should give traders some interesting opportunities.

Business Financial Newswire
"Online gaming firm 888 has signed astrategic agreement with online gaming B2B provider Microgaming to launch a joint poker network for the French market.

888 and Microgaming will establish a joint venture which will develop, offer and support the shared poker product for Microgaming and 888's B2B's Dragonfish licensees in France, as well as to 888's own B2C poker customers.

Players will benefit from a shared pool of player liquidity whilst still enjoying the unique 888 experience."

888 signs Italian joint venture with Endemol Italy

888 announces a joint venture with Endemol Italy, the largest independent TV production company in Italy, to co-invest in the Italian market.

The agreement will see the launch of a comprehensive gaming offering, operating on 888.it, which will benefit from exclusive utilisation of Endemol's brands in the Italian market, including Big Brother and Deal Or No Deal.

The joint venture, which represents 888's first major consumer launch in the Italian market, will operate under 888's licence in Italy. It is planned to launch once the Italian gaming authority provides final regulations for the provision of casino games, expected in the second half of 2010."

Business Financial Newswire
"Dragonfish - the B2B division of 888 Holdings - is launching a suite of Quickplay instant format games built specifically for the upcoming FIFA World Cup.

The games will be available to clients on the Dragonfish bingo network and standalone networks.

The games, consisting of Hi Lo, Slots and Keno, feature some of the most recognisable players who will soon be representing their countries in South Africa.

The games can be integrated seamlessly into the bingo environment via Dragonfish's bingo integration platform.

The release follows the launch last year of a number of Quickplay instant games for bingo clients, including new video slots, scratch cards and major branded games such as X-Factor, Spiderman and Fantastic Four. "

SELL 888...

Profit warning from 888 as poker earnings slump
Business Financial Newswire
Online gaming firm 888 Holdings said this morning that it has continued to experience a difficult trading environment across its products, with the exception of bingo and its recent acquisition Wink Bingo.

Trading is being impacted particularly by the continued weakness of online poker, which management believes is affecting the online poker industry generally. 888's poker daily average ring games' players declined approximately 18% during the period from January to May and management believes that this decline reflects industry-wide trends.

Revenue has also been impacted by the weakness of the Euro and Sterling against the US Dollar (the company's reporting currency). In particular, management estimate that May revenue would have been approximately $1.9m higher had exchange rates remained at their January average levels. For the year to date, management estimate that 888 has experienced a total revenue loss of approximately $5m as a result of foreign exchange movements.

Following 888's application on 21st May 2010 to obtain a licence to operate in the newly regulated French market, it is expected that trading could be further adversely impacted by the mandatory transition of business onto the regulated platform. This transition will require significant marketing investment, which in turn will have a short to medium term financial impact on the business.

After assessing the effect of the above and the expectation that online gaming trading during the period of the FIFA World Cup will be difficult, 888 has revised its outlook for the remainder of the year and now expects profit to be significantly lower than previous market expectations.

Although it is trading in difficult conditions, the Group continues to trade profitably, is cash flow positive and its financial position remains strong.

A number of steps, including cost cutting, have already been implemented and the Board remains confident about the future strategy and prospects of the Group. The underlying fundamental strengths of a regulated, legitimate and safe online gaming entertainment environment remain, and with this comes opportunity. 888 remains committed to further acquisitions as part of the ongoing industry consolidation

Seems to be a general gaming issue. LNG said something similar a week ago.

i have never understood the appeal of this gambling on-line stuff and have fortunately never been remotely tempted to jump in ..... too late to short? .... not necessarily

Brilliant timing of the buy recommendation by KBC Peel

Goldman Sachs recommendation in March is just pure shitty.

Well done Maestro another winner..

StockMarketWire.com
"Dragonfish - the independent B2B division of online casino firm 888 - has signed an extension to its existing agreement with Costa Bingo.

Under the terms of the agreement, which will run for an additional period of three years until July 2013, Dragonfish will continue to provide Costa Bingo (www.costabingo.com) with a comprehensive, fully managed, bingo solution.

Costa Bingo will commit to a number of significant marketing projects.

Costa Bingo has been highly successful through utilising innovative marketing initiatives, most notably the Free Bingo concept helped the site become one of the busiest bingo sites in the UK market. "

lol mitzy

StockMarketWire.com
"Online gaming firm 888 is acquiring the Mytopia social games development studio from Real Dice Inc.

The assets acquired comprise a games development studio, numerous games, including 'Bingo Island 2', a real-time multiplayer mobile Poker application available for iPhone, Android, BlackBerry, Windows Mobile and J2ME handsets, a technology platform for hosting and operating real-time social games on social networks and a software licence for Particle Code, a cross-platform application development framework for mobile devices and tablets

The assets acquired will form the cornerstone of 888's social gaming and mobile strategy, offering a seamless experience across different platforms.

Social network and smartphone gaming applications will also be offered to Dragonfish B2B partners, allowing them to take advantage of this fast-growing area. During the year ended 31 December 2009 the assets subject of the acquisition generated an un-audited pro-forma loss of $0.1 million before tax.

The consideration consists of a base price and additional earn-out adjustments.

The base price of $18m will be paid as follows: $12m cash payment upon completion and an additional $6m payable in cash upon meeting certain milestones connected to the mobile and social networking games prior to 31 December 2011.

An additional earn out payment in cash will be made calculated on the basis of net profit for the calendar year 2011.

The total maximum consideration payable by 888 to the vendor is capped at $48m. "

StockMarketWire.com
888 has been awarded a licence to operate poker betting websites by Autoritde Rulation des Jeux En Ligne, the French gaming regulator.

Chief executive Gigi Levy said: "We are delighted to receive a licence to operate in France.

"We believe that the future of the online gaming industry is in regulated, legitimate and safe online gaming environments, and we have the right offering to obtain a significant market share in the newly regulated French market."

StockMarketWire.com
Online gaming firm 888's independent B2B division, Dragonfish, has signed an agreement with Microgame for a comprehensive casino product to the Italian gaming market.

Dragonfish will provide a fully localised product with a broad range of games, both flash and download, including video slots, video poker, table games, branded games and a selection of Quickplay instant games such as virtual sport.

Microgame will integrate Dragonfish's flexible gaming platform, taking advantage of Dragonfish's leading casino games, lobby, and a selection of back office tools.

The integration provides Microgame partners with the ability to manage their user interface, cashier, ePayment processing and customer support services.

Deutsche Bank believes something may happen here.
"Upgrading to Buy from Hold on rising sector M&A interest.
A headline 17x FY11E PER is undoubtedly full, in our view, given the groups near term trading uncertainty, strategic questions on what the group should do with its sub-scale poker offering, and three profit downgrades in under three months. However, as we believe M&A is likely to increase over the coming quarters after last weeks Party/Bwin merger, we believe investors will increasingly look through headline valuation metrics. Under an M&A scenario, we believe the shares have significant upside potential and are thus upgrading to Buy from Hold."

StockMarketWire.com
Online gaming firm 888 Holdings said today total operating income was up 10.5% to $130m in the half-year to end-June, compared to $118m the prior year period.

EBITDA was down 39% to $13m (H1 2009: $21m), impacted by marketing and R&D spend.

Total Operating Income B2C was up 18% to $110m (H1 2009: US$94m).

Total Operating Income B2B was down 18% to $20m (H1 2009: $24m).

Total Operating Income B2B on a pro-forma basis was up 9% to $27m (H1 2009: $24m).

Total Operating Income B2C Bingo was up 363% to $24m (H1 2009: $5m).

Real money registered customer accounts were up 22% to 7.9m (H1 2009: 6.4m).

888 said its cost reduction programme has been implemented and is expected to reduce overheads in H2 2010 by approximately $5m-$6m.

Gigi Levy, CEO, commented: 'Our business experienced a difficult first half against the backdrop of a challenging economic environment, with trading impacted by a number of factors including general online poker weakness, adverse F/X movements and, in relation to Poker and Casino in Q2, the FIFA World Cup. A cost reduction programme has been implemented to help mitigate against this impact, the benefit of which will be seen in H2. A reorganisation of the technology and product divisions and a re-focusing of certain aspects of the business is also underway to better position the business for the future.

'Despite the economic environment, we committed additional research and development spend to innovative new products and increased marketing spend, which has generated some increase in revenues and a rise in real money registered accounts. However, this important investment for future growth has impacted H1 EBITDA.

'Trading in August has been significantly stronger than in July, with a double digit daily revenue increase especially in casino and poker. Boosted by the release of the new platform, Poker has seen an increase of more than 15% in revenue in August.

'In order to continue investing for future growth, and to support potential acquisitions, the board has decided not to declare an interim dividend at this time and finalise the full year dividend when the full year results are available.'

StockMarketWire.com
Online gaming group 888 Holdings will announce its Q3 key performance indicators on 3rd November 2010.

StockMarketWire.com
Online gaming company, 888 reports operating income flat during the 3rd quarter of 2010 at $61m. For the year to date, total operating income is $191m, an increase of 7% over the same period last year.

As at 30 September 2010, 888 had 8.2 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 21% since 30 September 2009.

Total B2C operating income during the 3rd quarter was $51m, which represents a 6% increase on the same period last year, but is at the same level as Q2 2010.

Casino income was 9% lower than last year at $27m and Poker income was 34% lower than last year at $8m, but 3% higher than Q2 2010.

Bingo income rose 344% over the same period last year to $13m.

Total Operating Income B2B during the first nine months of the year at US$29 million, an increase of 6% on a pro-forma basis.

For the final quarter, the Group says trading during October was stronger than the third quarter across all business lines.

Average daily revenue increased by approximately 6%, led by poker showing a more than 16% increase. This revenue increase was driven by higher deposit levels and more active players, with a significant increase in new customer recruitment of over 20%.

Overall, current trading remains in line with the Board's expectations and the Board expects the trading performance for the current financial year to be in line with consensus forecasts.

Fresh rumours have surfaced that Caesars Entertainment may be about to bid for 888.

i have never ever bought into this sector, as i really cannot understand why the average joe would want to chance his puny arm against the professional poker sharks who assuredly lurk awaiting an easy dinner

here's the answer .... Ladbroke's new offer is pitched at about 70 pence a share, the Sunday Telegraph said.

those that are in must be rubbing their hands in glee - and a large measure of relief

Ladbrokes??? Where do they fit into the picture?
Also, these bid rumours have being the rounds for a while now, so they may just be speculative rubbish.

Reuters report on bid talks

as expected, sp jumped a lump this morning to 60, but that doesn't leave much meat for anyone wanting to get in now

What's happening to 888 today?

A couple of things. Rumour of Ladbrokes pulling out of a bid and also an article in the Daily Mail suggesting that HMG may curb advertising by foreign gambling companies in the U.k. in order to try and reduce the incidence of compulsive gambling.

So 888 may go back to 40p then...

All depends on the bid, imo. Lots of press speculation, but nothing definite yet.

yep heard the chat about ladbrokes pulling out - but i have also heard better and basically various investors just being impatient + large long position closed - i would be very surprised if the t/o didnt happen - both want it esp with the gov news today - 888 could do with ladbrokes right now ref uk based and ladbrokes need 888 - what a match.... plus an article:

Ladbrokes 888 takeover buzz persists despite a heavy slide
Rosamund Urwin
14 Jan 2011

Shares in 888 Holdings dropped 8% today (at time of writing), but the City's biggest gossips haven't given up on the takeover talk.

Last month, Ladbrokes said it was in very preliminary discussions about buying the online gambling group.

Earlier this week, the rumour on the Square Mile grapevine was that the bookie was considering coughing up 80p for 888, rather than the 70p that was originally mooted.

I reckon we'll hear news of a deal in the next fortnight, said a talkative type in a Savile Row suit. I think both of them want to do this deal.

To explain today's drop, he pointed to rumours that an unidentified investor was forced to close a long position to satisfy margin calls relating to an American stock.

Other traders claimed some investors have grown impatient given the lack of an update from Ladbrokes. 888's shares dropped 5p to 57p (at time of writing). while Ladbrokes slipped 0.8p to 128p.

roll on next week - have a good weekend

"..a talkative type in a Savile Row suit.." so probably a guy working for an arbitrage company trying to talk it up???

lol hc - maybe??

this may be mentioned soon, bit of recyclyled city news:-

888 is rumoured to have held further discussions with potential rival bidders, including Sportingbet and private equity-owned US gambling giant Harrah's, in addition to other overseas based gaming interests & apparently - not from me but apparently "it could be likely this will flush other bidders out of the woodwork" said one industry source. "They've been looking to do something for a while." Its not just Ladbrokes in the loop - hence the rumour of the 80p from Ladbrokes - I may get me self some more very early Monday morn. gl
& lol Ladbrokes sees massive advantages to a deal with 888, given that it would pep up the company's online offering and enhance its position in the casino and poker businesses. It also offers a business to business service, providing games for others and, crucially, a business to Government offering. The latter is important as countries ease regulation on gaming as they seek to generate tax revenues.

15/1/11 - '
Gibraltar-based PartyGaming, which merged with Austrian gaming firm bwin to become the world's largest gaming group, fell to 207p and ended 3.3p off at 211.40p. 888 Holdings, which is still expected to be soon be swallowed by Ladbrokes (0.8p easier at 128.1p), ended 7.25p or 11.6% down at 55p. '

http://www.thisismoney.co.uk/markets/article.html?in_article_id=521260&in_page_id=3

something will happen for sure in my view and it might not just be ladbrokes - william hill in addition to the others said to be interested, and from ladbrokes & 888's own mouths:

'Full review of the business

The talks with 888 are one of the first major moves by Ladbrokes' recently appointed chief executive Richard Glynn, who is carrying out a full review of the business including how to improve its online offer.

Mr Glynn joined in April from betting firm Sporting Index with a 12 million incentive to double the share price of the group, which traces its history back to 1886, has more than 2,700 betting shops and is a market leader in the UK, Ireland, Belgium, Italy and Spain.

888 has made no secret of its intention to join with a rival, following in the footsteps of industry peers PartyGaming and Bwin, which announced they would merge in July.

888 chief executive Gigi Levy said in August: "We look at consolidation as one of the possible routes to realising our full value and feel that longer term this is the direction the industry will take.'

i would not want to be outta 888 right now!! lol

i would be very nervous if i held and would be keeping a close eye on where sp heads next .... further south and sharply looks favourite

Or a big bounce off the 50 DMA?

lets hope for the bounce - he who dares & all that!!


Current Ladbrokes Takeover Offer Nearly Half 2006 Offer
The talks that took place in 2006 were for a similar take over but the value of 888 in 2006 was put at 470 million, while now the deal is reported aiming at the 240 million - maybe higher for Ladbrokes competitor. This clearly shows a major shift over the past 4 four years in the value of 888 Holdings, which has actually began showing strong signs of improvement late in 2010. The poker side of 888 has steadily grown in strength and traffic after a dramatic marketing and promotional shift in the Autumn of 2010. In the last two months 888's poker traffic has improved by nearly 40%.

The takeover talks are no big surprise to those within 888 as company CEO, Gigi Levy, discussed the possibility of a merger with eGR Magazine back in August 2010 saying it was "highly likely". This came after confirmed news that bwin and PartyGaming were merging in early 2011. The news of major mergers have continuously rocked the online poker community, but at the same time have been expected after the market was flooded with poker rooms during the boom years from 2003-2006.

How IPOs Play into the Ladbrokes and 888 Merge Discussion
One of the largest trends in online gaming has been the launching of IPOs and becoming publicly traded on Europe's various stock exchanges.With bwin and PartyGaming, the two largest publicly traded gaming companies in the world, merging in 2011, it is important for competitors to stay with them. Both 888 and Ladbrokes are traded on the London Stock Exchange meaning that their merger would be complex and also pool considerable resources.

Falling stock prices might also be what is pushing the two companies together. As mentioned before 888 has seen a change in traffic recently, however in May of this year they posted a profit warning and their stock began tumbling. This downturn in stock price and overall company liquidity more than likely is what is pushing them to merge. Ladbrokes would also be a perfect suitor if and when the takeover is finalized. Ladbrokes is hoping to make a stronger break into the poker market and 888 needs a strong partner and source of cash to keep the company running.

Ladbrokes is pushing at serious performance increases across the board over the next few years and major mergers like this possible one with 888 is most definitely a way to diversify with another major poker company.

sort of exactly so .... if i was a holder, i would stay put until/unless sp crashes through what ought to be good support or rebounds sharply from it, as you suggest

interesting - newspaper chatter............

'talks with ladbrokes have hit a stumbling block over the price.An offer was made last month but was rejected by 888.......................' 'ladbrokes quoted as likely to pull out of bid & only 50/50 chance of go ahead'

results are due tomorrow - good for trading here tomorrow perhaps i expcet?

i'm sure there are worse looking charts, but this looks a stinker

StockMarketWire.com
Nevada's Gaming Control Board has given the green light to a long-term agreement between online gaming group 888's Dragonfish B2B division and Caesars Interactive Entertainment.

Under the agreement, Dragonfish will provide services to support the UK launch and roll-out of CIE's World Series of Poker and Caesars Casino brands.

CIE is a subsidiary of Caesars Entertainment Corporation which is which is registered with the Nevada Gaming Commission.

The application relates to state law that covers Nevada gaming companies conducting gaming outside the state.

The Nevada Gaming Commission will now consider the application on 24 March.

888 Holdings
FTSE Smallcap
Consumer,
Cyclical
Sell
Target 18
Current Price 44.75
Difference -59.8%
Investec

http://www.igmarkets.co.uk/cfd/uk-ratings.html

StockMarketWire.com
Online gaming group 888 has reached an agreement to reschedule the earn out payment on Wink Bingo which was due in May.

888 said Wink Bingo had been an extremely successful acquisition, performing significantly above expectations and the earn out payment is expected to be at the upper end of the earn out range.

888 says the earn out period ends on 31 March and the final amount payable will not be known until May.

Under the revised payment terms 888 will make an immediate payment of 9.26m and further payments of 9.26m on 21 May and 6.173m on 31 August.

The balance will be payable on 21 May 2012.

Payments due after 21 May 2011 will bear interest.

Nevada Gaming Commission approves Dragonfish
Following the announcement of 10 March 2011 888 can confirm that, on 24 March 2011, the Nevada Gaming Commission considered and approved the application for a finding of suitability concerning Caesars Interactive Entertainment, Inc.'s supplier relationship with Dragonfish.

The application relates to state law in Nevada that covers Nevada gaming companies conducting gaming outside the state of Nevada.

Gigi Levy, Chief Executive Officer of the Company, stated "We are pleased with the successful outcome of this review by the Nevada Gaming Control Board and Nevada Gaming Commission. We look forward to our continued relationship with Caesars."

888 earnings slump


Online gaming group 888 Holdings reported revenue up 6% to $262.1m in the year to end-December 2010 (2009: $246.7m), with EBITDA of $28.6m, down from $45.6m.

B2C revenue was up 13.5% to $221.7m (2009: $195.4m).

B2B Revenue was down 21.2% to $40.4m (2009: $51.3m), but up 4% on a pro-forma basis.

EBITDA was $28.6m (2009: $45.6m), impacted by increased marketing spend, the World Cup and a poker industry decline in H1.

As at 31st December 2010, 888 had 8.7 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 23% since 31st December 2009.

Agreement has been reached with Wink Bingo vendors on payment of earn-out.

888 said the first quarter of 2011 has begun strongly with average daily revenues increasing by approximately 7% compared to a record performance in Q4 2010. Continuing the very positive trends of the previous quarter new customer acquisition has also increased 7% over the same period.

Discussions with Ladbrokes are ongoing. A further announcement will be made as and when appropriate.

Gigi Levy, CEO, commented: 'Following a challenging start to the year 888 finished 2010 strongly. Due to steps taken throughout the year we ended the year with record 18% quarterly sequential growth in Q4, and Revenue grew 6% compared with 2009.

'888 has begun the year with strong current trading and continues to make good progress across all segments of the business. We have an exciting base on which to build in 2011, with a high proportion of sustainable locally regulated earnings and a well diversified business, product line and geographic revenue stream. We expect that soon to come further improvements in our product offering will lead to increased success in driving players to our sites and retaining them going forward. This, alongside our expanding licensee base within Dragonfish, puts us in a strong position for the future.'

Up 18% this morning

StockMarketWire.com
Online gaming group 888's revenues rose to $75m in the three months to the end of March - 9% up on last year and 6% higher than a strong fourth quarter.

888 had 9.2 million casino, poker and sport real money registered customer accounts at the end of the first quarter - 21% up on last year.

The group said trading at the start of Q2 had continued to be strong but it was now entering the historically weaker summer period.

Whats happening..?

Further to the announcement made by 888 on 20 December 2010 concerning discussions with Ladbrokes plc regarding a possible transaction, the Board of 888 announces that the parties have agreed to discontinue talks.

interesting buy in price currently - i wonder if more of a drop tomorrow or bounce this afternoon

interesting.....

Fri, 15th Apr 2011 08:39

April 15 (Reuters) - 888 Holdings PLC:

* Panmure reinstates 888 Holdings with buy rating and 47P price target

For a summary of rating actions and price target changes on FTSEurofirst 300 companies:

Reuters 3000Xtra users, double-click

Reuters Station users, click .1580

Reuters Plus users search on RCH/EUROPE

gibby ... go ask someone who uses online bookies what they think of their site , speed of payment , customer services etc etc.


Odds are arbable though til they ban you :-)

StockMarketWire.com
Online gaming entertainment and solutions provider 888's second quarter group revenues rose to $79m - up 29% on last year and 4% higher than than the strong first quarter.

And it says strong current trading has continued into the third quarter

888 had 9.6 million casino, poker and sport real money registered customer accounts at the end of June - an increase of 21% on last year.

Deputy chairman Brian Mattingley said: "This quarter has seen strong performance in B2C for 888 especially in poker and casino.

"We have been focussed as ever on our goals - further bolstering our B2C performance and leveraging our industry-leading offerings, while maintaining our Dragonfish brand presence and B2B deal pipeline.

"Whilst the excellent figures reported today give the Board confidence of future growth, H2 will be impacted by our need to invest in regulating markets as these open up for us.

"However, despite the second half including the seasonally weaker summer trading period, and after taking account of the increased cost of investment we are confident, given the strength of current trading, that the company will report a financial performance for the full year to 31 December 2011 marginally ahead of current market expectations."

Daniel Stewart upgrades 888 Holdings from hold to buy, target price raised from 36p to 60p.

StockMarketWire.com
Dragonfish - 888's independent B2B arm - and Caesars Interactive Entertainment have extended their UK software licensing agreement to the US.

The agreement will see Dragonfish power a selection of CIE's established and recognised poker brands, once online gaming is permitted under the new regulatory regime.

Utilising 888's state of the art poker platform, the agreement will allow the launch of a real money offering immediately as either Federal or state based regulation is finalised and upon licensing by gaming authorities.

888 has already submitted its service provider licence application to the Nevada Gaming Control Board.

StockMarketWire.com
Online gaming group 888 Holdings said revenue increased 26% to $331.1m in the year to end-December (2010: $262.1m).

B2C Revenue increased 28% to $284.2m (2010: $221.7m).

B2B Revenue increased 16% to $46.9 (2010: US$40.4m).

EBITDA increased 94% to $55.6m (2010: US$28.6m).

EBITDA margin increased to 17% (2010: 11%)

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

888 said the first quarter of the year has started well: average daily revenue was more than 2% above the strong Q4 2011.

Encouragingly, average daily new customer recruitment is more than 15% above Q4 2011 demonstrating the strength of the business for future growth.

Brian Mattingley, CEO, commented: 'I am delighted and proud to have officially taken the helm at 888. 2011 has been a phenomenal year for us, refocusing on our core product offer and the success of our Poker 6 platform has delivered exceptional growth across all key metrics.

'We are more than ready to take advantage of liberalisation in the industry. We have a unique position in the US allowing the launch of a real money offering immediately as either federal or state based regulation is finalised and upon licensing by gaming authorities.

'The promising start of 2012 demonstrates healthy growth over and above the strong Q4 2011 and underpins our strategy and expectations for 2012.

Holders of online gaming outfit 888 Holdings (LON:888) came up trumps, as the company shot up 177%, on the back of a strong performance by its business-to-consumer division.

StockMarketWire.com
Online gaming group 888 Holdings reported revenue of $97m in the fourth quarter to end-December (Q4 2011: US$91m), an increase of 7% year on year.

Revenue B2C was $86m (Q4 2011: $79m), an increase of 9% year on year.

Revenue B2C Casino was $44m (Q4 2011: $42m), an increase of 6% year on year.

Revenue B2C Poker was $24m (Q4 2011: $19m), an increase of 31% year on year driven by successful marketing efforts.

Group revenue for the full year 2012 was $376m (2011: $331m), an increase of 13% year on year.

Number of active customers B2C Casino and Poker stood at 520,000 (Q4 2011: 478,000), a 9% increase year on year.

As at 31st December 2012, 888 had 13.1 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 23% since 31 December 2011.

Brian Mattingley, CEO, said: 'The quarter ended an excellent year of performance for 888, as we achieved record revenues in both the quarter and the year as a whole. This success was driven by our core Casino and Poker offerings, as well as our activities in newly regulated markets.

'Our success in Spain and Italy shows that we have the right product and technology led marketing to make significant inroads into new markets, and we will look to repeat that success in other regulating territories.

'In addition we are experiencing a significant increase in customer recruitment and revenue from mobile platforms and, given our focus and commitment to investment in mobile, see this is as just the beginning of an increasing trend. 2013 has started strongly and we therefore remain confident of future growth.'

The starting pistol has been fired on a new US goldrush This time in online casino gaming, especially poker. Until now it has been illegal, and Americans have watched foreign markets storming ahead with it over the past 5 years. Within the past 24 hours Nevada voted yes, beating New Jersey to the punch. Delaware already said yes. Other US states are now drawing up bills to vote in the coming days, weeks and months. It is a expected to create a multi-billion dollar industry in which states can rake in money by issuing licences and collecting an ongoing percentage from players and providers. Stockmarket companies providing the platforms and other related software have seen their share prices rise strongly on the news and in anticipation of floodgates being opened. 888 is one of the UK-listed companies likely to benefit. So is Playtech (PTEC)

Nevarda article

Steady buying ahead of results due on 13th March

Morgan Stanley bet that both outfits will be “the winners here”, and its analysts upped their share-price target for Bwin.Party
27th Feb
- See more at: http://www.directorstalk.com/#sthash.w6kFN8lG.dpuf

Nevada Gaming Control Board Recommendation of License

888, one of the world's most popular online gaming entertainment and solution providers, announces that the Nevada Gaming Control Board has recommended to the Nevada Gaming Commission the approval of the licensing of 888 as an Interactive Gaming Service Provider and in connection therewith the licensing of its key executives and controlling shareholders.

The Commission hearing will be held on 21 March 2013

( 888 has a software licensing agreement with Caesars.)

sp tanking ahead of next weeks results?

StockMarketWire.com
Online gaming company 888 has announced today that it has entered into a joint venture agreement with US investment firm Avenue Capital Group.

The object is to launch and operate a comprehensive B2C gaming offering in the US market upon regulation.

The newly formed company, incorporated in Delaware, called All American Poker Network (AAPN), will launch 888's brands into the US market using 888's leading gaming platform immediately as either Federal or state based regulation is finalised and upon licensing by gaming authorities.

Additionally, 888 announces an agreement with Treasure Island, one of the most prestigious and well renowned Las Vegas operators, for the launch of online poker in Nevada through AAPN.

This deal will see AAPN provide 888's award-winning poker and back office platform to Treasure Island for the launch of an online poker proposition, once the appropriate license is in place.

As announced on 7th March, 888 became the first non-US operator recommended by the Nevada Gaming Control Board to the Nevada Gaming Commission for the approval of licensing as an Interactive Gaming Service Provider. Receipt of this licence will allow AAPN to launch the real money 888poker brand in Nevada as the first step, once all certifications are in place, expected later this year.

This deal follows 888's partnerships with Caesars Interactive Entertainment and WMS, signed last year.

Avenue Capital Group has other interests in various terrestrial casinos and entertainment companies, making them an ideal partner for 888.

StockMarketWire.com
Online gaming group 888 Holdings said today revenue increased 13% to $376m in the year to end-December. Adjusted EBITDA increased 20% to $67m.

B2C Revenue increased 16% to $330m (2011: $284m).

Adjusted EBITDA margin increased to 17.8% (2011: 16.8%).

A final dividend is reinstated at 4.5 cents per ordinary share per the group's payout ratio, and due to strong performance the Board has sanctioned an additional one-off dividend of 2.0 cents per share, bringing the total dividend per share for the year to 9.0 cents per share.

As at 31st December 2012, 888 had 13.1 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 23% since 31 December 2011

Operational Highlights
· Significant market share built in Spain following award of Spanish eGaming Licence in June 2012

· In January extended relationship with Caesars to power a number of their poker brands including the "WSOP" into the US, once regulated

· Strategic agreement signed with WMS in July 2012, a global leader in the design, manufacture and distribution of games, gaming content and gaming machines in the United States, enabling WMS to offer an online product to all its customers utilising 888's state of the art poker platform

· Agreement signed with Facebook to launch real-money products

· Slots introduced in Italy in December 2012

· Significant increase in customer recruitment and revenue from mobile platforms following launch of multi-platform mobile suite and apps

Recent Developments

· In February 2013, New Jersey Governor Chris Christie signed legislation authorising online gambling in the state, clearing the way for internet betting to begin in H2 2013

· March 6 - Nevada Gaming Control Board recommended to the Nevada Gaming Commission the approval of the licensing of 888 as an Interactive Gaming Service Provider. Commission hearing on 21 March 2013.

· March 11 - signed US Joint Venture Agreement with Avenue Capital Group to launch and operate a comprehensive B2C gaming offering

Current Trading
Trading has continued to be strong in the new fiscal year across all key performance indicators including new customer recruitment, deposits and bets. Specifically, average daily revenue during the quarter until 9th March is 8% higher than Q1 2012, a record quarter at the time, led by Casino and Poker. Bingo trading conditions continue to be challenging as are the current currency headwinds.

Brian Mattingley, CEO, commented: '2012 was an exceptional year for 888. The ongoing focus on our core strengths and the customer proposition, coupled with the very positive effects of our targeted marketing campaigns, has led to tremendous growth in player numbers and record results. Our performance in Spain and Italy indicates that we have a compelling offering marketed in such a way that we are able to build significant market share in newly regulating territories, something that places us in a very exciting position as the US market begins to open for business.

'Led by the long-awaited re-opening of the US market, from which we are uniquely well placed to benefit, 2013 is a year of significant opportunity and we have got the right deals in place, both B2B and B2C, to gain a substantial foothold in the US. Growth in mobile gaming is also changing the industry, and our efforts in 2012 have allowed us to take advantage of the new ways in which people wish to play. We expect to see further growth in this area in 2013 and thus we remain confident in the outlook for 2013 and beyond.'

StockMarketWire.com
The Nevada Gaming Commission has approved the licensing of 888 as an interactive gaming service provider.

Chief executive Brian Mattingley said: "This is an historic moment for 888. This is the first time a company uniquely providing online gaming has been licensed by any US jurisdiction.

"Seen in the industry as the gold standard of global gaming regulation, we are delighted to have been awarded our licence to operate in the State of Nevada, a decision that vindicates our US strategy.

"We look forward to working with all our strategic partners and to re-launching the 888 brand in the US following the finalisation of platform approval."

Notice of Q1 2013 Key Performance Indicators and Interim Management Statement

Analyst and Investor Conference Call - 10:30am

888 will announce its Key Performance Indicators for the first quarter of 2013 on Tuesday 23rd April 2013.

888 will be hosting an analyst and investor conference call at 10:30am (BST) on the day.

StockMarketWire.com
Online gaming group 888 said group revenue was a record $103m in Q1 (2012: $94m), an increase of 9% year on year, with active customer numbers up 23%.

· Revenue B2C $92 million (Q1 2012: $83 million), an increase of 10% year on year

· Revenue B2C Casino $48 million (Q1 2013: $42 million), an increase of 13% year on year boosted by the launch of slots in Italy

· Revenue B2C Poker $24 million (Q1 2012: $21 million), an increase of 15% year on year driven by successful winter marketing campaigns

· Revenue B2C Emerging Offering $8 million (Q1 2012: $6 million), an increase of 27% year on year driven by stronger Sport margins

· Number of active customers B2C Casino and Poker at 634,000 (Q1 2012: 566,000), a 12% increase year on year

· As at 31st March 2013, 888 had 13.8 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 23% since 31 March 2012

Brian Mattingley, CEO, said: "These are a fantastic set of results across all key metrics. Our excellent product offering, supported by our constantly innovative marketing and CRM capabilities, has helped us to deliver consistent growth and has positioned us well to take advantage of positive regulatory developments."

posted on another BB by FrankieTheCabbie. Looks at the Top Ten prospects of who might benefit from the current wave of law changes in the USA. In its countdown from 10 to 1, look who is listed at No.1:



GAMING GURU

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Top-10 brick-and-mortar and online gambling partnerships to watch in the U.S.
22 April 2013

By Aaron Todd
The Mashantucket Pequot Tribal Nation announced today that Foxwoods Resort Casino has selected GameAccount Network to provide online gambling software, should the casino gain access to a regulated U.S. market.

Foxwoods isn't the first land-based casino to announce plans to launch online gambling operations when laws allow them to do so. Ever since the U.S. Department of Justice announced that it was reinterpreting the Wire Act and that it should only apply to sports betting, casinos have been chomping at the bit to gain access to an American online gambling market.

Some states (Delaware, Nevada and New Jersey) have regulated online gambling. Others aren't far behind, and there's still an outside chance for federal legislation, though it would most likely only include online poker.

Here are the top-10 partnerships to watch for as the U.S. regulates online gambling.

10. Mohegan Sun/Amaya
Foxwoods wasn't the first Connecticut casino to announce a deal with an online gaming partner. Mohegan Sun opened a play money online poker room up with Amaya (previously Ongame) earlier this year. Mohegan Sun has an advantage over Foxwods, as well, as it has a Pennsylvania property and hopes to build properties in Massachusetts and New York. If it does, it could quickly become a northeastern regional power in online poker.

9. Station Casinos/Ultimate Poker
Station Casinos announced a partnership with Full Tilt Poker just two weeks before Black Friday, and then retracted that deal immediately upon the indictment of Full Tilt executives. Lorenzo and Frank Fertitta (aka "The Fertitta Brothers"), however, weren't ready to give up on the business. The founders of Zuffa, the parent company of the Ultimate Fighting Championships, have named their online poker venture Ultimate Poker, and unlike other Nevada casinos, Station Casinos will be developing its own poker room rather than relying on offshore companies that have been in the business for years.

Ultimate Poker made a big splash earlier this month when Station Casinos announced that Big One for One Drop winner Antonio Esfandiari would be serving as the company's spokesman. Ultimate Poker currently has a Facebook app but does not have a download version available.

8. Zynga/bwin.party
Best known for its Facebook time-wasting games like Farmville, Zynga is already offering real-money poker and casino games in the U.K., through its sites Zynga Plus Poker and Zynga Plus Casino thanks to a partnership with bwin.party. If and when Zynga is able to secure online gambling licenses in the United States, it may be able to leverage its incredible player database to convert some play money heroes into real-money cash cows.

7. Foxwoods/GameAccount
Foxwoods is the largest casino in the United States, and third largest in the world. While your physical footprint doesn't matter in online gambling (PokerStars' only physical presence is the tiny Hippodrome Casino in London, but it still manages to do pretty well), reputation does. There aren't many gamblers who haven't at least heard of Foxwoods, and the casino's player database is massive.

6. Churchill Downs
Churchill Downs already has some online gambling offerings up and running with Twin Spires, where you can bet on horse races, and Luckity.com, where you can also bet on horse races but the user interface makes it feel like you're playing a lottery. Churchill Downs has big plans for online gambling, and those plans go beyond horse racing. While we're not aware of any deals currently in place, the site previously offered free-play slots provided by Parlay Games.

5. The Bicycle Casino
The Bicycle Casino has one of the largest poker rooms in the United States with 105 tables. And California could be one of the largest and most lucrative online poker markets in the world, if the California legislature could get its act together and regulate the industry. (I. Nelson Rose has a theory that could explain why that hasn't happened yet.)

When it does happen, the Bicycle Casino will be in prime position to leverage its reputation as a live card room in the online space. The casino will also be able to market a free spot in its Live at the Bike webcast series, giving people incentive to try out the online game.

4. Wynn Resorts
Right before Black Friday, Steve Wynn and PokerStars announced a blockbuster partnership. Then, just like the Fertitta Brothers, Wynn had to backtrack in the aftermath of Black Friday. It took a long time to convince Wynn that online poker was good for brick and mortar gaming companies. And while he had to backpedal on his deal with PokerStars, I think he still believes that online poker can be a lucrative business. Wynn doesn't currently have a public agreement with an online gaming provider, but don't expect that to last.

3. MGM/Boyd/bwin.party
Live players will have plenty of reasons to play online games offered by this partnership. Between Boyd's B Connected and MGM's M life, gamblers will have loads of places to spend loyalty points they earn in online games. And when it comes to poker, Party Poker is looking to return to its pre-UIGEA spot at the top of the online poker world, as evidenced by its deal with Zynga. This agreement could make that a reality.

2. The Atlantic Club/PokerStars
Ever since Black Friday, American online poker players have been clamoring for PokerStars to return to the U.S. market. And if PokerStars' purchase of The Atlantic Club Casino in Atlantic City is approved by New Jersey regulators, residents of the Garden State may actually see it happen. While PokerStars is still wildly profitable even without the U.S., the company made billions from American players after publicly traded online poker firms left the U.S. after the passage of the UIGEA in 2006. It surely would make billions more if it could find a way to serve U.S. players again, and the Atlantic Club could be transformed into the poker hub of Atlantic City.

1. Caesars/888
There are Caesars properties in a dozen U.S. states, and Caesars owns the most important brand in poker, The World Series of Poker. Once Caesars is able to leverage that brand – especially with advertising during ESPN broadcasts of the Main Event – look for 888 to jump from fifth to second in terms of size in the online poker universe. And if federal legislation were to somehow find a way to pass in the U.S., and PokerStars was left on the outside looking in, 888 could very well become the largest online poker network in the world.


Top-10 brick-and-mortar and online gambling partnerships to watch in the U.S. is republished from Online.CasinoCity.com.

Very interesting read, thanks Juzzle. Not many of those are very well known in the UK, but if the US based companies hook up with the established offshore internet based sites, then 888 & BPTY should do very well.

888 signs new 888Sportsbook solution
888, one of the world's most popular online gaming entertainment and solution providers, announces that it has signed an agreement with Kambi Sports Solutions, a leading sportsbook supplier to deliver a fully managed sportsbook solution to 888, under the www.888sport.com brand.

The agreement will enable 888 to offer a broader range of betting markets and products, for the UK and other regulated markets, through online and mobile channels.

Kambi's sportsbook will be fully integrated with 888's state-of-the-art back office platform, enabling the players to move seamlessly between poker, casino and sport. In addition, the agreement with Kambi will further enable 888 to pursue its strategy in regulated markets across globe.
Itai Frieberger, COO of 888 Holdings:

"888 has been at the forefront of online and mobile gaming across the world, delivering continued growth through our core products. By partnering with Kambi we will be aligning our sport platform with the rest of our offering, enabling us to increase our footprint while delivering a best-of-breed product to our players. By applying our award-winning back office and marketing expertise to the re-launch of 888sport, powered by Kambi, we will look to enhance player value through more efficient engagement."

sp up 7% so far today, IMS due shortly, one to watch?

888 will announce its Key Performance Indicators for the second quarter of 2013 on 6th August 2013.

888 will be hosting an analyst and investor conference call at 10:30am (BST) on the day.

StockMarketWire.com
Online gaming group 888 reports continued progress in its core markets with first half revenues up 7% to a record $200m.

Second quarter revenues rose by 5% to $97m with B2C revenues up 6% at $85m.

The group also announced that its All American Poker Network joint venture with Avenue Capitalhas signed an agreement with Caesars Interactive Entertainment which will allow 888 to to offer own-branded poker and casino products in New Jersey, subject to regulatory approvals.

Chief executive Brian Mattingley said: "We are pleased with 888's continued progress in our core markets and products. The Group has enjoyed excellent growth, particularly in Casino where a combination of strong results in Spain and Italy and very successful marketing campaigns have driven up revenue in Q2 by 14% year on year.

"The group remains focused on preparing our platforms and marketing for the incredibly exciting US opportunity and we are delighted to announce today the agreement we have signed with Caesars Interactive Entertainment through our AAPN joint venture with Avenue Capital.

"This is an important development in our US strategy which will allow 888 to offer 888-branded poker and casino products in New Jersey, subject to required regulatory approvals. We are extremely well positioned in the US and are working with the regulators in Nevada, Delaware and New Jersey as these three states become ready to open."

sp bouncing interim results due next week 28th August, may be worth a punt.

.

StockMarketWire.com
Online gaming group 888 Holdings said revenue increased 7% to $200.1m in the first half-year to end-June (H1 2012: $186.4m).

B2C Revenue increased 8% to $177.0m (H1 2012: $163.6m).

Adjusted EBITDA increased 7% to $38.6m (H1 2012: $36.0m).

Adjusted EBITDA margin was maintained at 19.3% (H1 2012: 19.3%).

PAT increased 205% to $32.1m (H1 2012: $15.7m).

Adjusted EPS increased 37% to 9.9 cents per share (H1 2012: 7.2 cents).

Interim dividend is 3.0 cents per ordinary share (H1 2012: 2.5 cents).

888 said it was a strong performance driven by Casino and Poker:

o Poker up to number four in global PokerScout rankings

o Excellent Casino performance driven by CRM activity

· Agreement with Kambi Sports Solutions to develop 888sport

· Mobile now fastest growing channel across all products representing 17% of UK revenue

· Excellent success in Spain and Italy with further growth opportunities

· JV agreement signed in March with Avenue Capital Group creating the All American Poker Network (AAPN) to launch comprehensive B2C gaming offering in US market upon regulation

· Approval as Interactive Gaming Service provider by the Nevada Gaming Commission

Recent Developments

· Agreement signed in August with Caesars Interactive Entertainment (CIE) through the Group's All American Poker Network (AAPN) joint venture with Avenue Capital allowing 888 to offer own-branded Poker and Casino products in New Jersey, subject to required regulatory approvals

Brian Mattingley, CEO of 888, commented: 'I am delighted to report another set of excellent results. Record revenue for the first half has been driven by the continued strength of our core Casino and Poker products and our ability to maximize revenue through our exceptional platforms and best-in-class marketing systems.

'We are making good progress in new markets with tremendous success in Spain and Italy where we see further opportunities for growth. These experiences have given us further confidence in our ability to capitalize on the exciting US opportunity which continues to develop and we believe our strategy and partnerships ensure that we are well positioned to maximize market share as that market becomes regulated.'

sp up 7% @160p having a good day!

sp 161.6 up 8% more to come perhaps?

StockMarketWire.com
888 will announce its key performance indicators for the third quarter on Wednesday 16th October 2013.

StockMarketWire.com
Online gaming group 888 said group revenue in the third quarter was $94m (Q3 2012: $92m), an increase of 2% year on year.

· Revenue B2C at US$83 million (Q3 2012: US$80 million), an increase of 3% year on year

· Revenue B2C Casino at US$45 million (Q3 2012: US$38 million), an increase of 19% year on year driven by regulated markets, mobile and product offering

· Revenue B2C Poker at US$22 million (Q3 2012: US$22 million), an increase of 0.4% year on year reflecting further market share gains and advancing to number 3 in the global poker rankings

· Group revenue during the first three quarters of 2013 at US$294 million (2012: US$278 million), an increase of 6% year on year

· Revenue B2C during the first three quarters of 2013 at US$260 million (2012: US$244 million), an increase of 6% year on year

· Number of active customers B2C Casino and Poker at 498,000 (Q3 2012: 454,000), a 10% increase year on year

· As at 30 September 2013, 888 had 14.9 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 19% since 30 September 2012

Brian Mattingley, CEO, said: 'I am pleased to report another strong performance with Group revenues up year on year primarily driven by Casino. We continue to build customer numbers and take market share, reflecting our strong product offer, excellent platforms and marketing systems.

'This quarter has seen further progress in newly regulated global markets. In the US, the launch of the World Series of Poker in Nevada marked the start of our first regulated real money offer in the US and through our AAPN joint venture we have also entered into a partnership with Wynn Interactive for the development and deployment of Wynn's online offering in New Jersey, Nevada and additional states, as they become regulated.

'Trading is in line with the Board's expectations and we remain confident in the outcome for the year.' Story provided by StockMarketWire.com

New Jersey Division of Gaming Enforcement Grants 888 and AAPN Transactional Waiver
888 Atlantic Limited and AAPN New Jersey, LLC have been granted a transactional waiver by the New Jersey Division of Gaming Enforcement (DGE) and are authorised to act as online casino gaming services providers to Caesars Interactive Entertainment New Jersey, LLC. Both companies will continue to work with the DGE through the ongoing approval process for their applications as gaming related casino service industry enterprise licensees.

Brian Mattingley, Chief Executive Officer of 888 said:
"The award of our license approval to operate as an internet gaming services provider in the State of New Jersey alongside Caesars Interactive is another milestone for 888. New Jersey is an important market as we continue to re-launch the brand in the US market.

As an industry leader in global gaming regulation, this is testament to our US strategy as we continue to work closely with regulators. We look forward to further expansion with our strategic partners in the US."

888 Confirms Full Launch of 888 Brands In New Jersey
888's CEO Brain Mattingley commented:"Following our recent successful launches in Nevada and Delaware, full operational approval from the DGE for our casino and poker products in New Jersey marks our latest milestone in our US venture.

This is a remarkable achievement for 888, which further strengthens our position in the U.S. as the only gaming provider live in all three regulated states."

StockMarketWire.com
Optimal Payments has extended its existing partnership with 888 Holdings to offer an integrated suite of payment processing services for the licensed U.S. online gaming market.

Under the partnership Optimal Payments' services were offered as a pre-integrated solution for the 888.com brand and all other licensed operators who used the 888 platform in the U.S. gaming market.

The Optimal Payments solution included payment, gateway and digital wallet services specifically designed to meet the stringent requirements of U.S. state gaming regulators, and was already live and processing for licensed operators.

888 has agreements in place with operators in Nevada, New Jersey and Delaware.

Pre-Close Trading Update
888 today reports on trading prior to entering the closed period in respect of its preliminary results for the year ending 31 December 2013.

The trends reported at the time of the Q3 KPIs and IMS announced on 16th October 2013 have continued. 888 remains confident of meeting management expectations for full year adjusted EBITDA*.

StockMarketWire.com
Online gaming group 888 will announce its key performance indicators for the fourth quarter of 2013 on 30 January 2014.

http://www.moneyam.com/action/news/showArticle?id=4747393

888 is today publishing its Interim Management Statement for the period from 1 October 2013 to the date of this announcement, incorporating the Group's fourth quarter trading period from 1 October 2013 to 31 December 2013.

Q4 Highlights
· Group quarterly revenue reached an all time high of US$107 million (Q4 2012: US$97 million), an increase of 10% year on year and a 14% increase vs. Q3 2013 reflecting revenue increases in each of the Group's reporting segments compared to Q3 2013.

· Revenue B2C at US$93 million (Q4 2012: US$86 million), an increase of 8% year on year

· Revenue B2C Casino at US$51 million (Q4 2012: US$44 million), an increase of 15% year on year, supported by enhanced product offering, extended regulated markets proposition, advanced CRM initiatives and further mobile penetration

· Revenue B2C Poker at US$25 million (Q4 2012: US$24 million), an increase of 2% year on year reflecting further market share gains and advancing to number 2 in the global poker rankings**

· Successfully launched in regulated New Jersey and Delaware markets in November 2013


Full Year Highlights:
· Group revenue for full year 2013 at a record US$401 million (2012: US$376 million), an increase of 7% year on year

· Revenue B2C for full year 2013 at US$352 million (2012: US$330 million), an increase of 7% year on year

· Number of active customers B2C Casino and Poker at 602,000 (Q4 2012: 520,000), a 16% increase year on year

· As at 31 December 2013, 888 had 15.5 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 19% since 31 December 2012

· Significant progress made in the US market through the Group's All American Poker Network (AAPN) joint venture with Avenue Capital making 888 the only online gaming provider live in all three regulated states:

· World Series of Poker (WSOP) brand, launched using 888's gaming platform and technology in Nevada in September;

· Launch of iGaming in Delaware in November with poker, casino table games and casino slots powered by 888;

* All percentages in this release are calculated without rounding

· 888casino and 888poker brands launched alongside WSOP brand in New Jersey in November.

Notice of Results
888 Holdings Plc, one of the world's most popular online gaming entertainment and solutions providers, will be announcing its full year results for the year ended 31 December 2013 on Tuesday 25th March 2014.

StockMarketWire.com
Online gaming entertainment group 888 said revenue increased 7% to $401m in the year to end-December, while profit before tax increased 30% to $53m.

· B2C Revenue increased 7% to US$352m (2012: US$330m)

· Adjusted EBITDA increased 13% to US$76m (2012: US$67m)

· Adjusted EBITDA margin increased to 18.9% (2012: 17.8%) · · Final dividend at 4.0 cents per ordinary share per policy (2012: 4.5 cents), and due to strong performance the Board is recommending an additional one-off dividend of 7.0 cents per share (2012: 2.0 cents), bringing the total dividend per share for the year to 14.0 cents per share (2012: 9.0 cents)

· Adjusted EPS increased 19% to 16.6 cents per share (2012: 13.2 cents)

· As at 31 December 2013, 888 had 15.5 million Casino, Poker and Sport real money registered customeraccounts, representing an increase of 19% from 31 December 2012

Operational Highlights

· Continued strong performance in core Casino and Poker products

· Improved 888Sport offering delivering positive results

· Further excellent progress in Spain

· Successful launch in regulated US states:

o World Series of Poker (WSOP) brand, powered by 888's gaming platform and technology, launched in Nevada in September 2013

o Launch of iGaming in Delaware in November 2013 with poker, casino table games and casino slots powered by 888

o 888casino and 888poker brands (through AAPN joint venture) launched alongside WSOP brand in New Jersey in November 2013

Recent Developments



· In February 2014, the states of Delaware and Nevada signed an interstate compact where-by poker liquidity can be pooled positioning 888 in an excellent position to gain from increased liquidity

· Average daily revenue for the year to date up more than 8% against the prior year

Brian Mattingley, CEO, commented:

"2013 was a very busy but also exceptionally rewarding year for 888. I am delighted to report that we have delivered record-breaking revenue and increased our profitability, driven by our strong brands, exceptional platforms and best-in-class marketing systems.

We delivered excellent progress in our core markets and built on momentum in Spain where we have quickly developed a market-leading position. Casino delivered another strong performance and we made further market share gains in Poker, advancing to number two in the PokerScout global rankings at the year end. We have also significantly strengthened our offering in Sport, which is delivering positive results. All of this was achieved whilst devoting significant energy and resources on preparing 888 for our successful launch in the regulated US market.

I am delighted with 888's achievements in 2013 which were made possible by the amazing hard work, dedication and talent of our team. I would like to take this opportunity to thank each of them for their fantastic efforts during the year.

We have started 2014 well, with average daily revenue up more than 8 per cent in the year to date, and look forward to the year ahead with continued confidence."

Interim Management Statement
Q1 2014 Key Performance Indicators and Interim Management Statement

888, one of the world's most popular online gaming entertainment and solutions providers, is today publishing its Interim Management Statement for the period from 1 January 2014 to the date of this announcement, incorporating the Group's first quarter trading period from 1 January 2014 to 31 March 2014.

Q1 Highlights

· Group quarterly revenue reached a record of US$114 million (Q1 2013: US$103 million), an increase of 11% year on year and a 7% increase compared to the strong Q4 2013

· Revenue B2C at US$98 million (Q1 2013: US$92 million), an increase of 7% year on year

· Revenue B2C Casino at US$54 million (Q1 2013: US$48 million), an increase of 14% year on year, leveraging strong customer acquisition in Q4 2013

· Revenue B2C Poker at US$25 million (Q1 2013: US$24 million), an increase of 4% year on year

· Revenue B2C Bingo at US$12 million (Q1 2013: US$12 million), an increase of 2% year on year and a 9% increase over Q4 2013

· Revenue B2B at US$16 million (Q1 2013: US$11 million), an increase of 43% compared to Q1 2013 and a 13% increase over Q4 2013 primarily driven by Bingo and our US operations

· Number of active customers B2C Casino and Poker at 682,000 (Q1 2013: 634,000), an increase of 7% compared to Q1 2013

· In February 2014, the states of Delaware and Nevada signed an interstate compact whereby poker liquidity can be pooled, strongly positioning 888 to gain from increased liquidity.

http://www.moneyam.com/action/news/showArticle?id=4790417

Notice of Half Year Results
888 will announce its financial results for the six months ended 30 June 2014 on Wednesday 27th August 2014.

StockMarketWire.com

Online gaming group 888 said during the first half-year it anticipates announcing EBITDA for the period significantly ahead of the prior year period.

Whilst the outcome for the full year will be dependent on the Company's trading during the second half, the Board continues to look forward with confidence.

888 will release its results for the first half on 27th August 2014.

StockMarketWire.com
Online gaming group 888's revenue was $111m in the second quarter - an increase of 15% year on year.

B2C revenues were up 11% at US$95m and B2C Casino revenue was US$53m, an increase of 15% year on year, capitalising on best in class CRM and back office technology.

B2C Poker revenue rose by 2% to US$23m, maintaining the group's no. 2 position in global liquidity rankings.

Chief executive Brian Mattingley said: "I am pleased to report that 888 has delivered another strong performance in the second quarter which, in combination with our very good start to the year, has once again resulted in record-breaking revenue for H1. This outcome has been driven by strong performances across both our B2C and B2B lines of business and is testament to our exceptional brands, technology, marketing and CRM systems. Whilst the outcome for the full year will be dependent on trading in the second half, we continue to look forward with confidence as we further develop the business."

StockMarketWire.com
Online gaming entertainment and solutions provider 888's first half revenues rose by 13% to $225.1m but pre-tax profits fell by 4% to US$34.0m due to the impact of FX.

The group said its record performance was driven by strong growth across B2C and B2B lines of business and adjusted earnings before interest, tax, depreciation and amortisation rose byu 27% to $49.0m.

Chief executive Brian Mattingley said:

"888 has delivered another excellent set of results in what has again been a record-breaking period for the business. Revenue growth has been driven by strong performances across both our B2C and B2B lines of business which reflects our exceptional brands, technology, marketing and CRM systems as well as the passion of our highly skilled team.

"We have delivered growth across all key product verticals, with Casino the standout performer delivering another period of double-digit growth. We are delighted by the turnaround of our improved Bingo business and 888sport has delivered an outstanding performance by more than doubling revenue year on year reflecting the strength of our re-launched offer. Whilst the outcome for the full year will be dependent on trading in the second half we continue to look forward with confidence as we further develop the business."

888 also announced that Richard Kilsby intends to retire as Non-executive Chairman following the company's 2015 Annual General Meeting. At the same time, Brian Mattingley will step down as Chief Executive Officer, and will be appointed as Executive Chairman of the Board.

Permira Sees 888 as Possible Buyout Target
Private Equity Firm May Consider Bid, But Any Interest Is Preliminary. New licensing and tax regime for online gaming in the U.K. is clearing the air around the sector, and making one of the industry's biggest players, 888 Holdings a potential buyout target.

British private-equity firm Permira sees the online gaming company as a potential target and may consider a bid itself, according to people familiar with the situation. Two of these people said Permira is actively looking at 888, though any interest is preliminary.

Peel Hunt comment:
Upside for take-private? Unlike bwin.party, which has significantly underperformed as a business, 888 is at the top of its game; while there may be some opportunity to take a bit of cost out, it is not material. The upside would come from the private equity backer being confident that 888 could materially offset the c$23m-25m impact of the point-of-consumption tax and that the US position can move from losses into profit. Both of these are possible but, once a premium is paid, the risk-reward doesn’t look overly compelling. Of course, 888 might just be the first step in a more ambitious consolidation play that could also involve bwin.party.
Sector consolidation likely: While we think a take-private is unlikely, industry consolidation is not. As 888 is a significant player, we would expect it to take part in broader industry consolidation. The powerful backers and finance houses behind Amaya’s acquisition of PokerStars (c12x EBITDA) show that there is appetite for the online gaming sector and, perhaps more interestingly, this includes unregulated as well as regulated earnings. At the PokerStars take-out multiple, 888 would be valued at c160p."

StockMarketWire.com
Online gaming provider 888's group revenue rose to an all time record of US$114m in the third quarter - an increase of 22% year on year.

B2C revenues rose to US$98m - an increase of 19% year on year - while B2C Casino revenues increased to US$56m - up 23% year on year.

B2C Poker revenues were 3% up at US$23m as the group continued to maintain its No. 2 position in global liquidity rankings.

B2C Bingo revenues rose to US$11m - an increase of 9% year on year, continuing the recovery of its Bingo operations.

Other highlights:

- Q3 revenue B2C Emerging Offering at US$9 million (Q3 2013: US$5 million), an increase of 84% year on year, lead by strong Sport performance, reflecting a successful FIFA World Cup and leveraging our newly integrated Sport platform capabilities.

- Q3 revenue B2B at US$16 million (Q3 2013: US$11 million), an increase of 41% year on year driven by US operations and Bingo

- Number of active customers B2C Casino and Poker at 584,000 (Q3 2013: 498,000), an increase of 17% compared to Q3 2013

- As at 30 September 2014, 888 had 17.3 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 16% from 30 September 2013

Chief executive Brian Mattingley said "I am delighted to report that 888 has continued its strong performance in Q3, delivering an all time quarterly revenue record of $114m. This was driven by an outstanding performance from Casino, reflecting our leading product and superior technology, as well as impressive growth in Sport, our B2B business and Bingo. "We continue to build customer numbers reflecting the core strengths of the 888 brand, our leading product offer and CRM systems. With our highly skilled and innovative team, we continue to look forward with confidence as we further develop the business."

Pre-Close Trading Update
888 today reports on trading prior to entering the close period in respect of its preliminary results for the year ending 31 December 2014.

Since the announcement of 888's Q3 IMS and KPIs on 4 November 2014 the Group has continued to perform in line with management's expectations. 888 remains confident of meeting management expectations for full year adjusted EBITDA*.

StockMarketWire.com
888 Holdings has confirmed that it has received an approach from William Hill over a possible offer. 888 says there can be no certainty that any firm offer will be made nor as to the terms on which any firm offer might be forthcoming.

888 says the company's shareholders will be kept informed of relevant developments and a further announcement will be made as appropriate, but in any event by no later than 28 days from today.

StockMarketWire.com
888 and William Hill have terminated their talks due to a significant difference of opinion on value with a key stakeholder. 888 confirmed on 10 February that it had received an approach regarding a possible offer for the company by William Hill but that there was no certainty that any firm offer would be made nor as to the terms on which any firm offer might be forthcoming.

888 says the board and the representatives of the principal shareholder trusts, together with their respective advisers, have had a number of discussions with William Hill and its advisers concerning a possible recommended offer, valued at 200 pence plus a 3 pence dividend per share.

But it says: "Due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement on the terms of a possible offer and the board of the company has agreed with William Hill to terminate discussions."

Chief executive Brian Mattingley said: "The Company is in good health and continues to trade comfortably in line with expectations. The Company will announce its full year results on 24 March 2015 and the Board of the Company looks forward to the future with confidence."

Panmure Gordon note:
"888 Holdings has today announced the termination of discussion with William Hill, with an offer suggested to be 203p per share (including 3p dividend) set to be recommended by the board. However, due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement on the terms and as such discussions have been terminated. At the suggested offer price 888 would be valued at a market capitalisation of £723m and represent a takeout multiple of 25.5x 2015E EPS and 16.8X 2015E EBITDA.

We retain our Sell recommendation on 888 and 96p price target. We believe competition will increase significantly in the UK post the introduction of the Point of Consumption Tax, resulting in a significant slowdown of revenue growth for 888, whilst we believe the valuation remains aggressive given the high proportion of unregulated revenue (c.40%)."

I believe LAD had looked at buying '888' sometime ago, with this deal failing other smaller players may come into view as t/o candidates. There does appear to be too many players in the betting arena.
2517

888 announces its audited annual financial results for the year ended 31 December 2014.

Financial Highlights
·
Revenue increased 14% to US$455m (2013: US$401m)
·
B2C Revenue increased 11% to US$391m (2013: US$352m)
·
B2B Revenue increased 32% to US$64m (2013: US$48m)
·
Adjusted EBITDA* increased 33% to US$101m (2013: US$76m)
·
Adjusted EBITDA* margin increased to 22.1% (2013: 18.9%)
·
Profit before tax increased 28% to US$68m (2013: US$53m)
·
Cash generated from operating activities increased 24% to US$112m (2013: US$90m)
·
Corporate cash net of customer liabilities increased 58% to US$96m (2013 US$60m)
·
Final dividend at 4.5 cents per ordinary share per policy (2013: 4.0 cents), and due to strong performance the Board is recommending an additional one-off dividend of 7.0 cents per share (2013: 7.0 cents), bringing the total dividend per share for the year to 15.0 cents per share (2013: 14.0 cents)
·
Adjusted EPS* increased 16% to 19.2 cents per share (2013: 16.6 cents)
·
Basic EPS increased 13% to 16.1 cents per share (2013: 14.2 cents)
·
As at 31 December 2014, 888 had 17.9 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 15% from 31 December 2013


Operational Highlights
·
Mobile embedded and driving growth across product verticals now representing 33% of UK revenue
·
Continued outperformance in Casino reflecting market-leading product and CRM
·
888Poker bucks negative industry trends and maintains No. 2 position in global poker rankings
·
Spectacular growth from 888Sport including strong FIFA World Cup
·
Further excellent progress in Spain including launch of Sport in H2
·
Encouraging trends in Italy following launch of mobile in Q4
·
B2B growth from Dragonfish including the addition of 13 new Bingo skins


Recent Developments
·
Successful deployment of shared poker network across states of Delaware and Nevada in March 2015 creating significant competitive edge for 888 and its operating partners.

Brian Mattingley, CEO of 888, commented:
"2014 was another record-breaking year for 888 during which we again delivered strong growth in revenue and profitability. This outstanding result reflects the fundamental strength of our business and the continued execution of our focused strategy. This is underpinned by our strong brands, exceptional technology and industry-leading marketing systems.

Our core Casino product delivered another outstanding performance reflecting our strength and heritage in this vertical, while 888Poker cemented its position at number two in the PokerScout global rankings at the year end. The outstanding 115 per cent revenue growth from 888Sport was an undoubted highlight of 2014 and we continue to see very exciting growth opportunities in this vertical.

Trading during the first quarter of the year has been in line with our expectations with significant increases in new customer recruitment as well as increases in deposit level and bet volumes. Average daily revenue during the quarter to date was 6 per cent lower than the previous year, and on a constant currency basis and excluding the impact of VAT, which from 2015 is deducted from revenue generated in certain jurisdictions, the performance was 7 per cent ahead.

Whilst the business faces external challenges in the form of Point of Consumption Tax in the UK, VAT in certain jurisdictions and adverse foreign exchange movement from a strong US Dollar, I am confident that the Group is well placed to take advantage of opportunities that regulatory change opens up to companies such as 888.

I am delighted with 888's record achievements in 2014, and I would like to take this opportunity to thank each member of our dynamic and talented team for their fantastic efforts during the year."

StockMarketWire.com
Online gaming group 888 has confirmed it has made a takeover approach for bwin.party digital entertainment.

The company said the board had noted press speculation concerning a possible offer and said it believes that there is significant industrial logic in a combination of 888 and bwin.party.

Due to the size of the proposed transaction, it would require the approval of 888 shareholders. 888 shareholders representing approximately 59% of 888's share capital have irrevocably committed, subject to customary conditions, to vote in favour of the proposed transaction.

888 stresses there can be no certainty that the submission of this proposal will lead to the company being selected as the proposed acquirer of bwin.party or, in turn, completing a transaction. A further update will be provided in due course.

Canaccord Genuity lifts 888 Holdings to buy from hold, target raised from 166p to 176p.

"888 and Bwin have announced they have reached agreement on the terms of a recommended offer, whereby 888 will pay 104.09p per share (lower than the GVC offer of 110p per share) to acquire the entire issued share capital of Bwin. Bwin shareholders will receive 39.45p in cash and 0.404 888 shares (with a mix and match facility available). Synergies are estimated to be on less than $70m (by 2018) and the acquisition is anticipated to be EPS enhancing in year one. Following today's acquisition we upgrade 888 from Sell to Hold and increase our target price to 150p (from 96p)."

Numis note today:
"● 888 expects cost synergies of not less than US$70m before the end of FY18. Cost synergies are expected to be extracted from, inter alia: rationalising duplicated costs; reduced overall investment in duplicated technology; economies of scale; and, reduced administration expenses.
● Revenue synergies are not quantified but are expected by 888 to be derived from: cross-selling bwin.party's sports product to 888 customers; the application of 888's "industry-leading back office and CRM systems for bwin.party's existing customer base"; and, from the benefits of improved liquidity in poker.
● Possible spin out of bwin.party "Studios". Post-deal, 888 indicates that it could spinout bwin.party's "Studios" technology business with shares being distributed to 888 shareholders. If Studios has acquired sufficient critical mass and is spun out, it would continue to provide B2B services to existing customers and seek to add new ones.
● Greater scale and reach. Post deal, 888 will have revenue of over US$1bn and be a leading online gambling operator in Belgium, Denmark, Germany, Italy, Spain and the UK and will be licensed in 13 jurisdictions. There is relatively little overlap: 888's core market is the UK whereas Germany is bwin.party's largest single market. bwin.party's principal product is sports betting whereas 888 is more focussed on casino and poker.
● 888 expects the transaction to be earnings enhancing for 888 shareholders in the first full year of ownership "on the basis of the anticipated cost synergies". The cash component of the offer will be financed by 888 through a new US$600m facility. Completion is expect in late 2015 or early 2016.
● GVC proposal not sufficient. GVC's proposal had a headline value of 110p per share. bwin.party describe it as having "many attractive features" but said that it also carries "additional execution risks". The board found 888's offer with its slightly lower headline value provided "a higher degree of certainty". There is a break fee of £5.7m payable to 888 by bwin.party if the recommendation of the board should be withdrawn. If 888 acquires bwin.party it will create a materially larger business with cost and revenue synergies to extract. There will be a multi-year plan to extract those synergies while optimising the portfolio of businesses with a spin out of Studios being high on the agenda."

StockMarketWire.com
888 reports record revenues of US$262.0m in the six months to the end of June - up 19% on last time.

B2C revenue increased by 21% to US$229.5m (H1 2015: US$189.6m) and Casino revenue increased by 31% to US$137.4m (H1 2015: US$104.9m). Sport revenue increased by 63% to US$25.0m (H1 2015: US$15.3m).

Revenue from regulated markets increased 29% and represents 63% (H1 2015: 58%) of total.

Adjusted EBITDA increased by 8% to US$44.1m (H1 2015: US$40.9m); EBITDA increased by 36% to US$38.2m (H1 2015: US$28.0m) despite adverse currency movements of US$3 million.

Profit before tax increased by 39% to US$27.8m (H1 2015: US$20.0m).

Interim dividend of 3.8c per share is up from 3.5c last time.

Chief executive Itai Frieberger "888 has delivered a very encouraging performance in H1 2016, resulting in a 19% increase in Group revenue to a record $262.0 million. This strong outcome was driven by outstanding momentum at 888Casino and 888Sport where we achieved impressive revenue increases of 31% and 63% respectively.

"In line with our strategic focus we have made further excellent progress developing 888 in regulated markets and have grown regulated revenue by 29% against the prior year, reflecting strong performances in the UK, Spain and Italy as well as 888's recent successful launch in Denmark.

"888's continued success is built on our first class technology and core expertise in CRM, marketing and analytics. These strengths, along with the fantastic efforts of our highly skilled and dynamic team, mean that the business is in excellent shape to deliver long term sustainable growth. Trading in Q3 has started well with average daily revenue until 27 August 2016 15 per cent. above strong previous year comparatives and 22 per cent. higher on a like for like basis. With this strong momentum the Board remains confident of delivering against expectations for the full year."

StockMarketWire.com
Online gaming entertainment and solutions provider 888's revenue increased 13% to US$520.8m in the year to the end of December and by 18% on a constant currency basis.

B2C revenue increased 15% to US$460.2m (2015: US$399.4m) - up 20% on a constant currency basis.

Casino revenue rose by 21% to US$279.3m (2015: US$230.6m) - up 26% on a constant currency basis.

Revenue from Sport increased 49% to US$51.9m (2015: US$34.8m) - up 58% at constant currencies.

Adjusted EBITDA rose 12% to US$90.2m (2015: US$80.6m); on a constant currency basis adjusted EBITDA increased 24% to US$100m.

Adjusted EBITDA margin remained stable at 17.3% (2015: 17.4%) or 18.3% at constant currencies.

The board has recommended a final dividend of 5.1c per share (2015: 4.0c per share) due to the strong results and additional one-off 10.5c per share to bring the total for the year to 19.4¢ per share (2015: 15.5c per share).

Chief executive Itai Frieberger said: "2016 was another fantastic year for 888 during which we continued to deliver very strong organic revenue and profit growth.

"This was again underpinned by further outstanding progress in Casino, Sport and across regulated markets.

"888's further expansion in the UK, Spain and Italy is a strong demonstration of the Group's ability to drive excellent growth and build leading market positions across regulated markets as the industry continues to head in this direction.

"Despite currency headwinds, revenue reached an all-time high of 520.8 million dollars and, at constant currency, increased 18% year on year to US$546.4 million.

"At the same time, the Group's underlying margins remain healthy and profit before tax increased significantly to 59.2 million dollars.

"These strong results demonstrate the truly outstanding underlying momentum in the business.

"In addition, the Group's strong free cash flow and confidence in the outlook has enabled the Board to propose a 25% increase in total dividend for the year.

"Current trading since the start of the year remains healthy with average daily revenue more than 11% above the previous year at constant currency.

"888 is a fast-growing operator with the majority of its revenue now generated from regulated markets.

"The Group is truly diversified with successful operations under 10 licences, four established B2C product verticals and an outstanding B2B offer.

"Underpinning 888's success we have a leading-edge technology platform and an exceptionally skilled team.

"The board continues to see a number of significant growth opportunities for 888 both in new and existing markets and we look forward to another exciting year of progress."

Having a good run of late. Just wonder if GVC will take them out one day ?

Very high volume today, perhaps news due.

A bid would be great.

Thurs 11 May dividend - Final 4.12p and special 8.5p :-))

Nice and steady climb.

888 Holdings: Canaccord maintains Buy with a target price of 330p.

Broker Forecast - Peel Hunt issues a broker note on 888 Holdings PLC
BFN
Peel Hunt today reaffirms its buy investment rating on 888 Holdings PLC (LON:888) and raised its price target to 350p (from 260p).

Story provided by StockMarketWire.com

Would not quite hold onto the 300p reached. Good day.

888 Holdings PLC (888:LSE) set a new 52-week high during today's trading session when it reached 301.75. Over this period, the share price is up 40.42%.

Sold today., bit of resistance breaking 300p.

StockMarketWire.com
888 was informed that the UK's Gambling Commission (UKGC) is currently conducting a review of the manner in which a subsidiary of the company carried on its licensed activities.

This would ensure compliance with the UKGC operating licence held by the licensee.

The review was initiated to assess certain measures that the licensee employs to ensure social responsibility to its customers including effective self-exclusion tools across different operating platforms.

888 said it was dedicated to providing players with a responsible and enjoyable gaming experience and the licensee would be proactively engaged with UKGC throughout the review.

Good timing dc

Cheers 2517GEORGE, sure was . Dividend as well. :-))

Phew!😃

I suppose they could get a hefty fine. A massive gamble buying back in ? Many are saying the sp fall is over done. Watch this break though 300p. :-))

JP Morgan Cazenove today initiates coverage of 888 Holdings PLC (LON:888) with a overweight investment rating and price target of 320p.

StockMarketWire.com
888's revenue increased 3% to US$270.1m in the six months to the end of June - up 9% on a constant currency basis - but the group reported a pre-tax loss of $17.3m (H1 2016: profit $27.8) as a result of exceptional charges of US$50.8m during the period.

B2C revenue increased 6% to US$242.6 million - on a constant currency basis B2C revenue increased 11%.

Casino revenue increased 6% to US$146.0 million - up 11% at constant currencies.

Poker revenue increased 1% to US$42.5 million - on a constant currency basis poker revenue increased 1%.

Sport Revenue increased 35% to US$33.7 million; on a constant currency basis sport revenue increased 45%.

B2B revenue decreased 15% to US$27.5 million; on a constant currency basis B2B revenue decreased 6%.

Revenue from Europe (excluding UK) markets increased 24% to US$133.6 million (H1 2016: US$107.5 million) representing 49% (H1 2016: 41%) of Group revenue.

Adjusted EBITDA increased 8% to US$47.6 million (H1 2016: US$44.1 million); on a constant currency basis Adjusted EBITDA increased 22% to US$53.8 million.

Adjusted profit before tax increased 12% to US$37.6 million (H1 2016: $33.7 million).

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

The reason is because MoneyAM's Level 2 system is not sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

MoneyAM has been unable to fix the fault for over 8 weeks now but are still charging full price for their Level 2

StockMarketWire.com
Online gaming entertainment and solutions provider 888 expects adjusted EBITDA for the year ending 31 Dec to be in line with market forecasts.

It said this has been achieved despite the increased regulatory focus, primarily in the UK, and the strategic decision to exit from five markets in the first half of the year.

The group said its business had again been driven by further progress in Casino, strong momentum with 888Sport, increased activity on mobile devices and continued expansion in regulated Continental European markets, most notably Italy and Spain.

Chief executive Itai Frieberger said: '888 has continued to develop its position in European regulated geographies, further diversified the business and maintained a firm focus on enhancing operational efficiencies.

'A major focus in 2017 has been on ensuring that 888 is leading the way in terms of compliance and responsibility.

'This is an ongoing process of continuous improvement and I am confident that 888 is well positioned as the regulatory focus on the industry continues to become tighter, particularly in the UK.

'888 is an agile business with an entrepreneurial culture and team and we have successfully adapted to opportunities and challenges during 2017.

'Our progress has again been underpinned by the strength of 888's proprietary technology as well as the Group's core expertise in CRM, marketing and business analytics. With these qualities, 888 remains well positioned for future growth.'

JP Morgan Cazenove today reaffirms its overweight investment rating on 888 Holdings PLC (LON:888) and raised its price target to 325p (from 315p).

StockMarketWire.com
888 holdings slashed its dividend after pre-tax profit slumped 68% to $18.8m for the year to the end of December amid a charge of $50.8m incurred during the period.

The firm said $45.3m of the charge related to potential past VAT matters and $5.5m was in connection with the UK Gambling Commission settlement.

A final dividend of 5.9 cents per share was declared, plus an additional one-off 5.6 cents per share, taking the total for the year to 15.5 cents per share, down from 19.4 cents per share the prior year.

Revenue rose 4% to $541.8m from $520.8m supported by gains in its sport and casino businesses.

Revenue from the core B2C business - includes casino, poker, sport, and bingo - increased 6% to $486.6m from $460.2m, but B2B reported revenue slipped 9% to $55.2m from $60.6m.

The firm warned that 'uncertainty exists' in certain territories in which it operates. In Germany, a subsidiary of the group was prohibited from offering online gaming services in the state of Baden Wurttemberg.

Current trading since the start of the year was said to be in line with management's expectations with average daily revenue 6% above the previous year, representing an 8% increase when adjusted for the withdrawn markets.

Numis today downgrades its investment rating on 888 Holdings PLC (LON:888) to hold (from add) and set its price target at 258p.

Peel Hunt today reaffirms its buy investment rating on 888 Holdings PLC (LON:888) and set its price target at 320p.

Numis today reaffirms its hold investment rating on 888 Holdings PLC (LON:888) and cut its price target to 245p (from 258p).

StockMarketWire.com
Gambling company 888 acquired Tuesday the remaining 53% stake in the All American Poker Network for $28m in a bid to boost the company's growth strategy in the US.

The transaction would give 888 independent control of its growth strategy in the US moving forward, the company said. This strategy included signing new partnerships and continuing to deploy the company's proprietary products and technology in new states as they regulate.

Under the agreement, 888 would pay $28m in cash, with $10m expected to be paid to the sellers on or about the date of announcement and the remainder of $18m paid by 31 March 2019.

'The acquisition of the remaining stake in AAPN is an important strategic step towards 888 achieving its exciting long-term potential in the US. Taking outright ownership of AAPN gives 888 additional operational, technological and commercial flexibility to develop innovative and exciting new partnerships and launch in new states - through both B2B and B2C channels - as and when future regulation allows. This acquisition places 888 in an even better position to take advantage of the significant growth opportunities in the US and create additional value for our shareholders,' said Itai Frieberger, Chief Executive of 888.

'The AAPN joint venture has been a very successful endeavour for the Group. It has afforded us the flexibility and financial capability to build a position in the regulated US market over the last five years whilst also investing in other global regulated markets.'

StockMarketWire.com
Online gambling group 888 said it remained confident that adjusted earnings for the full year would be in-line with its expectations, citing progress against strategic objectives in the second half of the year.

888 continued its momentum in sport, casino and across regulated European markets, driven by its ongoing focus on product enhancement with Orbit, 888's new casino platform.

Orbit was launched in May and subsequently rolled out across regulated markets.

In the UK, initial positive trends in revenue, highlighted in the group's half yearly report in September, had continued over the second half of the financial year so far, the company added.

The group continued to strengthen its position in the US, as it launched 888sport in New Jersey in September and acquired the remaining 53% stake in the All American Poker Network. 'During the period 888 has delivered continued progress against its strategic objectives,' chief executive Itai Frieberger said.

'The group has continued to focus on driving growth in regulated markets, enhancing compliance, and delivering exciting product innovation.'