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

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.