888 Holdings a world leading provider of casino games and gaming solutions has posted very promising results for 2013. There were increases in revenue in all areas of the company’s business. Over all there was a 7 per cent rise in income last year when compared to the results for 2012 and this meant a very good year for 888 Holdings with over 400 million dollars being brought in.
2013 : A good Year for 888 Holdings
888 Holdings was founded in 1997 and in 2003 after being granted a Gibraltar gaming licence, the company moved its base to Gibraltar where it is still based. In 2005, 888 was listed on the London Stock Exchange. A year later, it was a blow to the company when it, like many other European online gaming groups, had to stop offering services (888 Casino) to online players in the United States as a result of the passing of the Unlawful Internet Gambling Enforcement Act. However since online gambling has become legal now in three American states, 888 Holdings has been working to set up in each state. In New Jersey any overseas internet casino operator who wishes to offer their services to players in the state must form a partnership with one of Atlantic City’s land based casinos. So 888 Holdings has joined with Caesars Interactive Entertainment to offer its 888 branded casino games and poker once again to American players. (See article: 888 to partner with Caesars Interactive entertainment in New Jersey). The company has also worked to have a presence in the only other two states where online casinos are legal, Delaware and Nevada.With a 13 per cent rise in profits from its internet casinos, poker and sports betting, 888 Holdings should continue to go from strength to strength. This compares favourably with a rise of almost 20 per cent from all of the company’s platforms. With its expansion in the regulated states in America revenue should rise even more in next year’s results.