Strong Growth from 888
February 10, 2010 (CAP Newswire) – British-facing online gambling company 888 has reported a significant increase in its operating income, according to MarketWatch.
According to the report, 888’s fourth-quarter operating income rose by 14%. The online gambling company also said that the number of its active players rose by 2% “as growth in the casino side of the business more than offset a slight decline in the poker arm.” And the number of active players shot up to 7.1 million, a whopping 24% increase from a year earlier, according to the MarketWatch article. Read it here.
This news comes as 888 also makes headlines for its plans to seek new acquisitions and grow its brand throughout 2010. The company “is in the ‘advanced stages’ of a small acquisition and in a ‘very early’ position for a larger one, Levy said in a telephone interview” to BusinessWeek. Read that article here.
And 888’s Business-to-Business branch, Dragonfish, is also reporting strong numbers, due largely to a program of acquisitions and new deals. Read about Dragonfish’s recent performance here.