888 Get Profit Rise

The full-year pretax profit declared by Internet gaming group 888 on Thursday has increased for 16% this year, and it amounted to $50.2 million (28.7 million pounds). In 2004 it ran as high as $43.1 million. The year of 2006 doesn’t seem to be less promising either.

As Chief Executive John Anderson reported their trading coincides with the expectations of the managers, i.e.: the number of casino players has increased to 4.1 million, whereas the number of poker players – to 1.5 million. Moreover, 888 tried to make investments abroad, away from the USA, thus decreasing the part of the U.S. revenues from 58% to 55%. Simultaneously the UK share reached 20%, 5% was added to 15% in 2004. Anderson explained their management’s politics by their wish to get down the U.S. share to 20-15% as quickly as possible, as it is not wise at all to rely too much on only one country. So, they are expanding their horizons!

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About Mark Newman

Mark Newman - was born in 1971 in Pictou, a town located on the beautiful Northumberland Shore of Nova Scotia, Canada. In 1998 he graduated from Acadia University (Nova Scotia, Wolfville) with the Master’s degree in social studies. Mark simply adores his wife and sons. Considers poker to be one of the most exquisite kinds of art and rarely misses his chance of practicing.