ash-strapped Britons are staying at home more, watching TV and gambling online, updates from consumer-facing companies showed, as fears grow that the UK will slip back into recession.
The company, which operates 888 casino, poker, sport and bingo brands, posted a revenue of us$ 331 million, up from us$ 262 million a year ago. As of December 31, the company said it had 10.6 million casino, poker and sport real money registered customer accounts, up 22 percent from a year ago.
The prospects for online betting companies are growing brighter as they seek to break up national gaming monopolies in a number of EU countries and the United States considers legalizing online poker. Last week, a unit of private equity-owned Caesars Entertainment extended its UK software licensing agreement with 888 to the United States.
Last October, 888 rival Bwin.party Digital Entertainment said it planned to partner with U.S. casino operators MGM Resorts International and Boyd Gaming to offer internet gambling, should it be legalized, to American customers.
888 shares, which have more than doubled from their 52-week low last year, closed at 57.25 pence on Monday on the London Stock Exchange.