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888 announce rise in revenue

10/2/2012
Online gaming company 888 Holdings has seen its full-year revenue grow 26% from 2010.

The company, which operates casino, sport, poker and bingo brands, posted revenues of $331m (£209m), compared to the previous year’s total of $262m.

This rise is attributed to the growth of customers gambling on their websites, with impressive trading continuing into the first quarter of 2012.

"We are delighted with 888′s strong performance over the last year and in particular Q4,” said 888 deputy chairman Brian Mattingley. “Current trading in January continues to be strong. We believe our focused strategy will continue to drive growth in 2012."

At the end of December 2011, 888 reported it had 10.6 million real-money customer accounts across its different brands, which represented a 22% year-on-year rise.

The company has suggested the economic downturn has led to an increasing number of people opting to stay at home and gamble online.

888 shares, which have more than doubled from their 52-week low last year, closed at 57.25p on the London Stock Exchange on Monday.

Jack Watkins
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