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888 Poker Showing Explosive Growth

888 Holdings released a financial statement this week that show the poker arm of the company’s gambling offerings up an astonishing 88% in the first quarter of 2012 from the same period last year.

The jump in revenue is attributable mainly to increased player traffic, with 888 Poker now recording 405,000 active poker players, which is 83% more than the pre-Black Friday tabulations of last April. This is welcome news to shareholders, who now enjoy 73% more value per share.

“Our focused strategy has led to another excellent quarter, with ongoing strength in poker driving March to the highest ever monthly revenues in the history of 888,” 888 CEO Brian Mattingly said in a press release.

With 888 Poker expected to be a player in new U.S. gambling markets in individual states such as Nevada and New Jersey sometime this year through a partnership agreement with Caesar’s Entertainment, revenues may increase even further. 888 currently ranks fourth in online poker traffic, trailing only PokerStars, iPoker and PartyPoker.

 

 

 

 

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Charles Rettmuller

Charles has been an avid poker player for a number of years, both live and online. He holds a degree in journalism and previously worked as a reporter for a Chicago-based newspaper. Charles joined the PokerUpdate team in early 2012 and writes daily news articles for the site.

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