888 Holdings continues to produce mind-blowing results as the company consolidates itself increasingly on the online gambling market. The latest results point to an 88% growth in year-on-year revenues for 888Poker.
888 Holdings PLC has reported yet another record result after publishing the company's management report this week.
According to the latest numbers, 888 shows no sign of slowing down its explosive growth with 888Poker's year-on-year revenues from the first quarter of the year going up 88% from $11 million in 2011 to $21 million in 2012.
The growth is to be explained largely by a boost in customer numbers, which has created more revenue, the company said.
All in all, the company now boast of 405,000 active players, representing a jump of no less than 83% since April last year.
The rapid growth has also rewarded the company's shareholders, with the 888 share jumping a full 73% over the same period.
Extensive weekly tournament schedule
Innovative and easy-to-use sofyware
Rich action at NLHE and PLO games
Limited customer support options
"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," said CEO Brian Mattingly, in a press statement
The CEO pointed to newly liberated markets as potential areas for further growth for the company, and promised that 888 will continue to invest in these new markets in order to gain increased marker shares.
"Poker has continued its robust performance in the early stages of Q2, with our other product areas seeing an expected return to normal patterns. As stated in our full year results, there are significant growth opportunities offered by the liberalization of new markets, which will take investment to realize. We will continue to invest throughout 2012 in order to build market share," Mattingly said.
888 is currently the world's fourth largest online poker network
in terms of traffic, only surpassed by PartyPoker
, the iPoker Network
and industry mastodon PokerStars