Internet Casino games Giants Experience Increased Revenues

21 Feb 2008

Two of the leading online gambling companies, 888 Holdings Inc. and Playtech Ltd. Have experienced massive increase in revenues as result of their internet casino games:

888 is the second largest internet casino games operator in the UK, and has reported that its fourth quarter of 2007 showed in increase in internet casino games revenues of 55 percent. The sales from its owned casino-on-Net and Pacific Poker translated monetarily into $62.8 million, which stood at $40.5 million a year prior.

The fourth quarter sales from their range of internet casino games increased an incredible 60 percent to $35 million, and this was after their withdrawal from the highly lucrative American online gambling market, which was expected to cause the company serious financial damage. Some of the additions to the company's portfolio since the introduction of the Unlawful Internet Gambling Enforcement Act (UIGEA) include an online sports betting site, appealing to the Asian market, 888ladies and also bingo. As trading has opened in London, their shares have risen from 1/2p to 132p.

Similarly, internet casino games software developer, Playtech, has also boasted some impressive fourth quarter results. The company announced that its revenues have risen an outstanding 101 percent to $32.7 million since the previous year.

Like 888, Playtech's withdrawal from the American market did not reflect its financial success. Revenues from its internet casino games have grown from $13.4 million to $22.9 million in a single year. Revenues from their poker games rose 265 percent in the same year, and as such, Playtech is quite optimistic about trading for 2008.

Related Headlines: