Wednesday, May 30, 2007

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Future 'encouraging' for 888 Holdings

By Erin Warner

Financial results are on an upswing at 888 Holdings, as last quarter's numbers showed the company is regaining ground lost in the wake of the U.S. online gambling ban.

The outlook is "encouraging," 888 chairman Richard Kilsby said in a statement at the company's annual general meeting Wednesday.

As it moves into the traditionally slower second quarter, the online casino operator and owner of Pacific Poker is driving its business with more game offerings on more platforms to sustain its momentum.

This year's growth is due in part to poker-related products as well as new blackjack and bingo features.

Starting this month, the firm also tapped into the poker client base to connect players to its casino offerings, including its new backgammon feature.

All the new strategic initiatives are performing in line with expectations, 888 Holdings said in a release, also noting that trading is progressing as forecast.

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