888 Poker, Casino Revenue Stun Investors: Share Price Rises 14 Per Cent

Written by:
Aaron Goldstein
Published on:
Jul/13/2012
888 Poker, Casino Revenue Stun Investors:  Share Price Rises 14 Per Cent

The week ended solid for 888 Holdings, parent company of the world’s 4th largest online poker venture, 888Poker.com. 

Cake-Square-010712.jpg

Stocks sored up 14 per cent on news that company profits were “materially ahead”, due in part to a strong presence in the Spain market.

The firm is now the second-biggest player in the Spanish poker market after PokerStars.

Simon French, an analyst at Panmure Gordon , upgraded his full-year ebitda forecast for 888 by 22pc to $56.1m immediately following Friday’s announcement. 

888 is also forging relationships with US-based casino firms in hope of the market becoming more regulated in 2013.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Looking for the best Pay Per Head Website?

The pay per head service has come to stay, as a great alternative for bookies who want to clear away from having to deal with the hassle and expense of having to establish their own land based operation but want to enjoy the benefits of having their own professional online presence.

Cheapest Pay Per Head

Cheapest Pay Per Head

The popular long established PPH platform is offering a FREE WEEK EVERY MONTH for life and all starting at $3 per player (per head) per week.

Syndicate