888, the leading internet gambling operator based in Gibraltar has released its trading update that covers the 1st half of this year. This trading update stated that 888 Holdings is expecting that the earnings for the full year before counting taxes and interest is going to surpass the expected numbers by a long shot.
The company has previously stated in April that the yearly revenues of 2011 had increased by a total of twenty-six percent from the last year and reached a total of 331.1 million dollars. The company also stated that such increase came as a result of the amazing performance of its B2B and B2C sections.
888 Holding stated that the strong performance of the company during the 2nd half of 2011 has built enough momentum that made this performance continue to this year. This performance is driven by the great performance of poker alongside casino games.
888 also stated that the great showing for poker was due to the fact that the company has succeeded in acquiring a great market share in the newly regulated Spanish online gambling market.
According to an 888 statement, the ability of 888 to build a good share in newly opened market was proven by its ability to be the second choice of players for online gambling in the newly opened market of Spain.
So, according to all of what is mentioned above and according to the momentum that was built in 2011 due to the strong performance, 888 Holdings expects its earnings to exceed the expectations.