TRADING UPDATED 888 Holdings Plc, the United Kingdom-based online gambling operator, has posted a 33 percent increase in net gaming revenue to $67 million in the second half of 2008, which ended June 30.
Gigi Levy, 888 chief executive, said today in a trading update that he is confident in continued growth in the remainder of the year.
"We are delighted with our Q2 2008 results especially given that we achieved sequential quarterly growth during a period which is typically seasonally quiet and throughout the Euro 2008 championship. In the first three weeks of July we experienced stronger Poker trading and significant growth in both our bingo and sports book businesses. Our various strategic initiatives are progressing well and given the good start to the third quarter and our clear business strategy we are confident of delivering future growth during 2008."
Trading in Q3 is already 2 percent higher that Q2, according to the company.
TO BE UPDATED Unibet Group plc, the Sweden-based operator, will publish its interim report for the period for H1 2008, ended June 30, on Aug. 11.
Petter Nylander, chief executive of Unibet, and Henrik Tjärnström, company chief of finance, will host an English-language presentation at FinancialHearings, Operaterrassen in Stockholm at 9:00 a.m. (CET).
ON THE UP AND UP Ongoing political and legal discussions over Germany's gaming market dampened the growth of Tipp24 AG in the first half of 2008.
The German online gambling operator said today, however, that second-quarter net income rose 20 percent over the same period last year, and it expects to meet full-year forecasts.
Net income for the group rose to 1.6 million euros, or $2.5 million, in H2, from 350,000 in the year-earlier period.
Net profit for Q2 was recorded at 3.48 million euros, or $5.2 million.