International edition
September 29, 2020

The firm reported 169,000 active casino and poker customers for the third quarter

888 released third quarter results

(UK).- 888 Holdings, one of the world’s largest online gaming operators, has released its third quarter results showing a ten percent year-on-year decrease in total operating income to us$ 61 million.

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owever, this figure was static compared to the second quarter of 2009 with the Gibraltar-based firm stating that it had 6.8 million real-money registered customer accounts, which represented a 23 % year-on-year increase.

For the firm’s business-to-consumer segment, total operating income for the third quarter decreased 15 % year-on-year to us$ 48 million while remaining static compared to the previous three-month period. In addition, the total operating income from its business-to-consumer casino operation fell 16 % year-on-year to us$ 29 million and remained flat in relation to the second quarter of 2009.

Total operating income from 888’s business-to-consumer poker operation decreased 28 % year-on-year to twelve million dollars and was one million dollars less than the previous quarter.

On the plus side, the total operating income from the firm’s business-to-consumer emerging offering operation increased 44 % year-on-year to six million dollars despite falling 5 % from the second quarter of 2009 due to ‘unfavourable sport trading results in August’.

888 reported 169,000 active casino and poker customers for the third quarter, which was a seasonal decrease of 6 % compared to the second quarter of 2009. There were 62,000 active casino customers alongside 134,000 for poker with both figures representing a drop of 6 % from the previous three-month period. “We are pleased with the results achieved during the third quarter,” said Gigi Levy, CEO for 888.

“Our business-to-consumer business showed resilience during the historical seasonally weak summer period and Dragonfish has continued its impressive growth. With Harrah's set to launch in coming days and a strong pipeline, we remain confident of reaching our targets.

“We are particularly pleased with the 99 % growth achieved in our business-to-consumer emerging segment during the first three quarters of the year. While poker remains challenging, the business-to-consumer business showed resilience during the third quarter. The fourth quarter started well and, given that our various business initiatives are progressing as planned, we expect to grow the business further during the year.”

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