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Online Casino 888 Holdings Records Top Results

Following news of rival PartyGaming’s fourth quarter results, online casino firm 888 Holdings has been quick to release details of its own 2005 performance. Results from the company’s fourth quarter show an increase of 56 percent in net gaming revenue from the last quarter, with net gaming revenue from online casino games up 19 percent. News of the results was greeted enthusiastically by investors, widely cementing 888’s reputation as one of the world’s most popular online casino firms.

Along with increased figures for net gaming revenue and online casino revenue, poker revenues are also up. A staggering 138 percent increase has taken place since the last quarter in 2004, proving the online casino firm’s poker venture is healthier than ever. Similarly, membership is up 75 percent to 330,962. Over 97 thousand new members joined 888 as online casino members, while another 233,301 became poker players. The company also recorded a total of 23.2 million registered member accounts on 31 December.

888 Holdings, founded by Israeli families the Ben Yithaks and the Shakeds, is a publicly owned company headquartered and licensed in Gibraltar. The online casino firm operates additional offices in Tel Aviv, London and Antigua. Its members reside in over 150 different countries, calling for 24 hour customer support in eleven languages. In October 2005, the online casino firm joined the London Stock Exchange to wide acclaim and investor interest.

OCA News Editor