RealMoneyCasino.net States: 888 Holdings' Growth Likely to Continue

LONDON, ENGLAND, May 04, 2012

Compared to the Q1 results of 2011, in which revenue was $75 million, the results for Q2 of 2012 is high at $94 million.

One of the key factors that played a role in this rise was an increase in the number of players who signed up at 888 Holdings' sites. On March 31, 2012, the number of customers at 888's sites was close to 11.5 million. The number of players active at 888 Holdings' sites was 566,000 in the first three months of March 2012, which is a rise of 87% compared to the same point last year.

According to a spokesperson for RealMoneyCasino.net, this is a significant increase. A few months ago, 888 Holdings had taken up marketing initiatives, which according to the group, have helped increase the number of active players at the site by almost twice as much as it was last year.

888 Holdings Progresses in Online Gambling Market in Italy

888 Holdings, which started trading in July 2011 in Italy, has seen a lot of progress in the online gambling market in the country. The new CEO of the company, Brian Mattingley, stated that he is extremely glad about this. The spokesperson for RealMoneyCasino.net pointed out that 888 Holdings has done well in the past couple of months, since Mattingley took over as CEO. In comparison to the group revenues of the last 3 months of 2011, 888 Holdings has seen an increase of 4% in Q1 of 2012.

Average daily revenue in Q2, 2012 is higher than that in Q1. RealMoneyCasino.net's spokesperson stated that with trading strong in the first few weeks of Q2, there is a good likelihood the company will continue growing. Despite the fact that the company is expecting to see a historic seasonal pattern while it moves through Q2, it is confident that in light of the business' strength and strategic focus, it that can progress a lot this year.

Mattingley - Company to Focus on the UK and Expand into the US

Mattingley stated that the company will focus on the gambling market in the UK, where the laws on gambling are quite relaxed. In such markets, players have the freedom to use casino sites without worrying about legal implications. RealMoneyCasino.net stated that these markets are ideal for companies like 888 Holdings that want to expand their offerings, not just to customers (B2C), but to businesses (B2B) too.

Previous experience of being pushed out the US market, where laws on gambling are stringent, have made 888 Holdings quite cautious of entering it again. However, the company is preparing to make its way into the US market again. The Department of Justice's (DoJ) new perspective on gambling - that only online sportsbetting is illegal - has encouraged 888 Holdings to consider offering its online casino and poker products in the US.

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