Shares in 888 Holdings Up 18 Per Cent Wednesday
Shares in the world’s 4th largest real money online poker provider, 888 Poker, rose 18 per cent on Wednesday, up to 109p.
The Financial News reports that 888 Holdings revenue in the past three months has risen 7 per cent to $92m, compared with the same period last year. Must of this is the result of a 21 per cent rise in poker revenue to $22m. The company has witnessed strong results in Spain.
“Poker in Spain has assisted significantly in the growth of our poker business,” said Brian Mattingley, 888’s chief executive. “Since we entered [Spain], we have become second in the market with 20 per cent share.”
888 Poker has also been able to attract large numbers of recreational players during the recession.
“Our poker product is attractive to the casual player, and that’s our market...we actually encourage the fish to come into our pool and we dissuade sharks, or professional poker players.”
888 hopes to enter the US market through partnership arrangements with other land-based casino operators.
- Aaron Goldstein, Gambling911.com
