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
- 23 Apr 2013 07:41
- 134 of 202
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."
Juzzle
- 30 Apr 2013 08:06
- 135 of 202
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
Aaron Todd Homepage
Aaron Todd Archives
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.
HARRYCAT
- 30 Apr 2013 08:27
- 136 of 202
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.
HARRYCAT
- 20 May 2013 11:55
- 137 of 202
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."
halifax
- 27 Jun 2013 11:40
- 138 of 202
sp up 7% so far today, IMS due shortly, one to watch?
HARRYCAT
- 16 Jul 2013 11:20
- 139 of 202
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.
HARRYCAT
- 06 Aug 2013 08:25
- 140 of 202
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."
halifax
- 22 Aug 2013 15:13
- 141 of 202
sp bouncing interim results due next week 28th August, may be worth a punt.
HARRYCAT
- 22 Aug 2013 15:26
- 142 of 202
.
HARRYCAT
- 28 Aug 2013 07:48
- 143 of 202
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.'
halifax
- 11 Sep 2013 15:26
- 144 of 202
sp up 7% @160p having a good day!
halifax
- 11 Sep 2013 17:22
- 145 of 202
sp 161.6 up 8% more to come perhaps?
HARRYCAT
- 07 Oct 2013 16:10
- 146 of 202
StockMarketWire.com
888 will announce its key performance indicators for the third quarter on Wednesday 16th October 2013.
HARRYCAT
- 16 Oct 2013 07:51
- 147 of 202
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
HARRYCAT
- 11 Nov 2013 08:41
- 148 of 202
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."
HARRYCAT
- 26 Nov 2013 12:59
- 149 of 202
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."
HARRYCAT
- 03 Dec 2013 07:59
- 150 of 202
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.
HARRYCAT
- 19 Dec 2013 07:59
- 151 of 202
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*.
HARRYCAT
- 17 Jan 2014 15:28
- 152 of 202
StockMarketWire.com
Online gaming group 888 will announce its key performance indicators for the fourth quarter of 2013 on 30 January 2014.
HARRYCAT
- 30 Jan 2014 07:44
- 153 of 202
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.