maestro
- 14 Sep 2006 07:10
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
HARRYCAT
- 25 Mar 2011 07:48
- 110 of 202
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."
hlyeo98
- 31 Mar 2011 07:55
- 111 of 202
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.'
Harry6
- 01 Apr 2011 12:33
- 112 of 202
Up 18% this morning
HARRYCAT
- 14 Apr 2011 14:35
- 113 of 202
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.
mitzy
- 15 Apr 2011 07:34
- 114 of 202
Whats happening..?
blackdown
- 15 Apr 2011 08:08
- 115 of 202
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.
gibby
- 15 Apr 2011 11:44
- 116 of 202
interesting buy in price currently - i wonder if more of a drop tomorrow or bounce this afternoon
gibby
- 15 Apr 2011 11:46
- 117 of 202
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
Dil
- 17 Apr 2011 01:50
- 118 of 202
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 :-)
HARRYCAT
- 21 Jul 2011 08:29
- 119 of 202
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."
HARRYCAT
- 31 Jan 2012 14:23
- 120 of 202
Daniel Stewart upgrades 888 Holdings from hold to buy, target price raised from 36p to 60p.
HARRYCAT
- 31 Jan 2012 14:24
- 121 of 202
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.
HARRYCAT
- 27 Mar 2012 23:21
- 122 of 202
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.
dreamcatcher
- 05 Jan 2013 18:08
- 123 of 202
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.
HARRYCAT
- 04 Feb 2013 08:01
- 124 of 202
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.'
halifax
- 26 Feb 2013 16:33
- 126 of 202
Steady buying ahead of results due on 13th March
tom wilson
- 27 Feb 2013 22:03
- 127 of 202
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
HARRYCAT
- 07 Mar 2013 08:07
- 128 of 202
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.)
halifax
- 08 Mar 2013 13:12
- 129 of 202
sp tanking ahead of next weeks results?