888.com Reports Growth Despite Online Gambling Ban - 02-18-07

February 18 -  London listed online gambling group 888.com reported that the loss of its US business following the online gambling ban was partly offset by its aggressive expansion into alternative markets, and that its revenues grew by 7% in 2006...

Thsi news comes despite the group's U.S. withdrawal. Net gaming revenue for the group is reported to be $290 million (or £148 million), which represents surprising growth when compared to the $271 million in 2005.

888.com has been focusing on non-US markets following the signing into law of the Unlawful Internet Gambling Enforcement Act, the new law in the U.S. which bans financial transactions with online gambling sites.

The group's revenues from non-U.S. region was up by 28 percent to $157 million US dollars. Following suspension of 888.com's US business in October 2006, the average daily number of  new depositors dropped by 37 percent. 888 however did however report solid growth for the period, and reports that it has 3.6 million members now playing at its websites, and a 35 percent increase in real money customers in Q4 2006.

888.com online casino offers new non-US players a $200 bonus (or Pounds or Euros) on their first deposit. Click here to read our 888.com Review.

The casino unfortunately does not accept US players. Visit our USA online gambling section for information on online casinos, poker rooms and sports betting operators that welcome US players.

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