Casino Choice UK News Archive
888 chairman says outlook is good
Kilsby put the increased performance down to the introduction of new games which have helped the company to attract new customers. “Trading is in line with expectations,” said Kilsby, “and we continue to look to the future with confidence.”
Like all other online gaming firms listed on the European stock exchanges, 888 Holdings was hit hard by the passage in the US last October of the Unlawful Internet Gambling Enforcement Act, which forced them to pull out of the US losing half their customers almost overnight.
Since then 888 has spent over $19 million in research initiatives and has introduced new casino games at the rate of nearly one per month. The company’s poker site Pacific Poker has also had a major software upgrade, which among other things has made access to casino games such as Blackjack much easier.
It appears that the results are now beginning to show, with sales for the first three months of 2007 showing a 16 percent increase on results from the end of 2006.
Like all other online gaming firms listed on the European stock exchanges, 888 Holdings was hit hard by the passage in the US last October of the Unlawful Internet Gambling Enforcement Act, which forced them to pull out of the US losing half their customers almost overnight.
Since then 888 has spent over $19 million in research initiatives and has introduced new casino games at the rate of nearly one per month. The company’s poker site Pacific Poker has also had a major software upgrade, which among other things has made access to casino games such as Blackjack much easier.
It appears that the results are now beginning to show, with sales for the first three months of 2007 showing a 16 percent increase on results from the end of 2006.
Submitted: 2007/05/31 at 10:20:32
