888 Enjoyed a Revenue Growth in 2011

Leading internet gambling provider 888 Holdings has just announced results for its fourth quarter in 2011 which show a respected increase of 28% in the company’s year-on-year operating revenues. The company ended 2011 with fourth quarter operating revenues of $91 million.

This figure has pushed the overall results for 2011 up to operating revenues of $331 million, which is a 26.33% increase in year-on-year revenues.

The results are surprising considering that one of 888 Holdings biggest markets is the UK market, which has been suffering greatly from the economic downturn it seems to have been unable to shake off ever since the 2008 sub-prime crash and world recession.

Some gaming experts believe that the reason for this is that during difficult economic times people tend to go out less and spend less on shopping. This leaves them with a little extra money they can spend on online gambling from the comfort of their own home without having to go out and spend a lot of money.

888 Holdings owns and operates 888 Casino and included in its extensive gaming portfolio of products that include online gaming platforms for poker, bingo, scratch cards and sports betting.

The company is strongly positioned for continued growth and success in 2012 and is continuing to develop its ties with US-based gaming companies in preparation for changes in legislation on a federal or state level that are expected in the US in the coming year. These changes will open up at least parts of the US market for regulated online gambling and 888 Holdings is making all the right moves in order to ensure that once legal changes are implemented, it would be in the forefront of the US online gaming industry.