888 Holdings Reached Highest 6 Month Revenue Ever

The world known online gambling agency, 888 Holdings, have recently announced that they have reached their highest ever 6 month revenue. This has been announced and confirmed by the company’s CEO, Brian Mattingley.

This was the first results received since he has took the job full time and have shown a total revenue increase of 21%. This digits behind that percentage are of $186.4 million which is a direct result of the B2C numbers. In the same perspective, the poker revenue has increased by 72% for a total of $41.3 million. The online casino has seen an increase in revenue of 20% of $83.1 million.

Words Of The CEO

Brian Mattingley, the CEO of 888 Holdings, has announced the following to the local media: “This has been an excellent first half of the year. The tremendous increase in customer numbers caused by the improvements in our product offering has led to these record results, with the highest revenues in the history of 888. On the back of this performance, the Board has decided to reinstate the interim dividend, while we retain the cash necessary to continue growing the company.”

How Did It Happen

Ever since they have relocated their business outside of the United-States, they have seen only rise in revenue. They exited the US back in 2006 when the Unlawful Internet Gambling Enforcement Act (UIGEA) passed into effect. Most online casinos and online gambling websites thought it would be the end of the industry. However, ever since this bill passed, only good things have happened for 888 Holdings.

Their mobile presence has seen a great increase of 17% since sports-book bets can now be placed via their mobile devices. They have big plans for the upcoming months and will be improving their market shares of the Spanish and Italian market, even though they already own a good chunk of it, 24% to be more specific.

Brian Mattingley Speaking On His Expansion Plans

After having announced their future expansion plans, 888 Holding’s CEO, Brian Mattingley, said the following: “The second half of the year will see increased investment in Spain, where we will attempt to build on our impressive market share, and also in the United States where we are preparing for regulatory changes. We will also continue to invest in our technological platform, the cornerstone of our offer, and make improvements to our mobile channel.”

The Stock Market Share Increase

888 Holdings stock market shares have seen a great increase and possibly one of the biggest ever. The trading update that has recently been put out shows a 4.75% increase of 86.50p. This is the highest price that they have ever reached in the past years.