888 Holdings Grows Despite Economic Recession
888 Holdings, an online gambling company, continues to prosper this year, after a prosperous and profit-filled 2011, in spite of the economic recession.
888 Holdings is the owner of several online gaming sites, including 888 Poker. The company reported a revenue growth of 26.33 percent last year thanks to a large number of new customers. The company has also reported steady financial growth during the first quarter of the current fiscal year.
888 Holdings has also reported revenue of $331 million as against the previous year’s revenue of $331 million. The company has a total of 10.6 million registered customers who play real money bingo, poker, and casino games at its online gaming sites, which is a 22 percent increase from 2010.
The year 2012 is expected to be a good year for a number of online gambling companies, including 888 Holding Plc, because several governments are attempting to change their online poker laws. Last week, 888.com got into a strategic alliance with Caesars Interactive Entertainment to put itself in a favorable position to grab a share of the US online gaming market as soon as the US federal government regulates the industry.
Last year, Bwin.party Digital Entertainment made an announcement that they are going to sign a strategic deal with Boyd Gaming Corporation, the owner of several casinos and hotels all over the US, and MGM Resorts International, a casino operator in America, so that it can be in a better position to provide online gambling services if and when the US federal government passes friendly online poker laws.
Today, 888 Holding’s share price began at 57.25 pence, which is double that of their lowest rate during the previous year. This means that 888 Holding is a great company to invest in for anybody interested in making investments.
888 Holdings has announced that trading especially in poker and casino remains strong and that is financial results at the end of 2011 are definitely ahead of expectations. The online gambling company expects 2012 to be a year of great opportunity, especially because a number of markets all over Europe are on the verge of getting regulated. The company is looking forward to investing in these markets and building their market share. The company also expects its results of the year that ends on Dec 31, 2012 to be definitely ahead of expectations as the previous year’s result was.
These factors definitely prove that the online gambling industry in the USA and in Britain is entering into a golden age, owing to which it will be interesting to check the figures when these companies publish their first quarter results.
Meanwhile, non US players who register a real money account at 888 Poker can grab a generous bonus of $600 plus an extra bonus of $8 if they sign up through approved affiliate links. 888.com provides the best possible online gaming experience, offering a wide range of gaming services such as online sports betting, poker, bingo, casino games, and others in a 100 percent safe and secure environment.
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