888 Reports Continued Growth
Online gaming companyHoldings has reported growth for the eighth successive quarter, with a section of that growth coming from the company’s poker arm 888 Poker.
The announcement of growth comes in spite of general online poker traffic seeing an 8% decrease over the last 12 months. The poker arm has reported an increase of 50% over the year to date, and fourth quarter revenue predictions look even more impressive, with daily, and long term revenues looking to be well over the revenues for the same period last year.
According to the earnings report, 888 Holding’s revenues for the year to date are up to $92 million, and the outlook for the final three months is also positive.
The news is welcome for the poker industry, as some companies have struggled in the aftermath of Black Friday, which saw several sites closed down by the US D.O.J, and shattered consumer confidence in online poker. The dust is finally settling on the Black Friday cases, however, with some of the affected sites looking to make a return to the US market over the next few months.
In addition to online poker, 888 also offers sports betting, online gaming, and bingo, and these offerings have been popular over the last year as well.