PartyPoker is up for sale and losing money, and 888 is saying there making money. 
This sorta surprises me a bit really. What really floors me is that 888.com was just saying last week that they were going to venture into the online sportsbook market, because they needed to earn more revenue in order to make up for there U.S. stake that they lost.
This sorta surprises me a bit really. What really floors me is that 888.com was just saying last week that they were going to venture into the online sportsbook market, because they needed to earn more revenue in order to make up for there U.S. stake that they lost.
888 profits soar despite US ban
888, the Gibraltar-based online gambling firm, has shrugged off concerns over ongoing American legal action with a strong set of results for the first six months of the year.
The group, which claims to be Britain's best-known betting website, saw pre-tax profits almost triple to $19m, on net gaming revenues of $97m, up 24pc.
The group was forced out of the lucrative American market in October 2006 and lost 25pc of its staff, following US Department of Justice legislation.
Before the Internet Gambling Enforcement Act was introduced, the American business accounted for more than half of 888's revenue.
However, the group is now refocusing its operations outside the US, recently teaming up with Rileys Snooker Halls in the UK and Tower Torneos in Latin America.
The firm is also entering into sports betting after obtaining an Italian licence, with plans to extend to other regions in the future.
888 operates in 12 languages, aiming to grow in multiple markets simultaneously. It has launched a new game each month and has recently successfully introduced new 3D poker software.
Takeover talks with Ladbrokes failed for this reason at the tail end of last year.
888 plan to pay first half dividends of 1.8p per share, compared to 4.5p per share for the same period last year, before the legislation hit its American business.
Looking ahead, the company will focus on growth through new game introductions and a new European advertising campaign later this year.
888, the Gibraltar-based online gambling firm, has shrugged off concerns over ongoing American legal action with a strong set of results for the first six months of the year.
The group, which claims to be Britain's best-known betting website, saw pre-tax profits almost triple to $19m, on net gaming revenues of $97m, up 24pc.
The group was forced out of the lucrative American market in October 2006 and lost 25pc of its staff, following US Department of Justice legislation.
Before the Internet Gambling Enforcement Act was introduced, the American business accounted for more than half of 888's revenue.
However, the group is now refocusing its operations outside the US, recently teaming up with Rileys Snooker Halls in the UK and Tower Torneos in Latin America.
The firm is also entering into sports betting after obtaining an Italian licence, with plans to extend to other regions in the future.
888 operates in 12 languages, aiming to grow in multiple markets simultaneously. It has launched a new game each month and has recently successfully introduced new 3D poker software.
Takeover talks with Ladbrokes failed for this reason at the tail end of last year.
888 plan to pay first half dividends of 1.8p per share, compared to 4.5p per share for the same period last year, before the legislation hit its American business.
Looking ahead, the company will focus on growth through new game introductions and a new European advertising campaign later this year.
