| Online Gambling Rises on Recession |
| Written by Mark Bennett |
| Sunday, 12 February 2012 11:42 |
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The online gambling giant 888 Holdings has seen its full-year revenues rise by 26% in 2010. The company said thats its income from bingo, poker, casino and sports betting rose to £209 million, which was 26% up on the 2010 revenues. The number of customers using their online gambling websites showed increased growth helping sales figures. The company also said that trading in the first quarter of 2012 was impressive. "We are delighted with 888?s strong performance over the last year and in particular Q4,” claimed Deputy Chairman, Brian Mattingley. “Current trading in January continues to be strong. We believe our focused strategy will continue to drive growth in 2012." 888 said that by the end of December 2011, it had 10.6 million real-money customer accounts across its different brands, which was 22% up on the previous year. The company added that the economic downturn has led to an increasing number of people opting to stay at home and gamble online. ?Shares in the company have provided significant returns for investors over the last 12 months having more than doubled from the years low.
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