888 Doing Well at the Start of 2013
888 Holdings is a major contender in the world of gambling and they are doing quite well in their new ventures. The company that was once geared toward UK and European markets has expanded to regulated Spanish, Italian and, most recently, the US online gambling market. It seems that it’s going to be a profitable year and a bright future for the software giant. As operators, 888 runs some of the best online gambling sites available. They’ve mastered it all from poker to slots, bingo, sports and even manage to provide some of the most lucrative promotional and bonus offers.
An article regarding 888’s financial results, 888 Releases First Half 2013 Financials available on CasinoListings.com, provides a full break down of the company’s successes this year thus far. Casino, Poker and Mobile revenues are up for the year with mobile gaming growing rapidly.
888 CEO Brian Mattingley spoke of the company’s performance saying, “We are making good progress in new markets with tremendous success in Spain and Italy where we see further opportunities for growth. These experiences have given us further confidence in our ability to capitalize on the exciting US opportunity which continues to develop and we believe our strategy and partnerships ensure that we are well positioned to maximize market share as that market becomes regulated.”
As far as the US online market is concerned, entering this market must be done in a specific way. For example, in Atlantic City online gaming companies must partner with licensed land based operators in order to receive approval for an online poker website. There have been 9 of 12 casinos in AC that have already announced such partnerships with Harrah’s Resorts Atlantic City and the Showboat Casino Hotel partnering with 888 Holdings.
In the state of Delaware 888 Holdings has partnered up with Scientific Games Corporation, provider of gaming products and services to lottery and gaming companies around the globe, in a real money online poker option set to launch in October 2013.
Most recently, the Nevada Gaming Control Board gave preliminary approval for an online poker product offered by both local operator Golden Gaming and 888 Holdings. Earlier this year a Nevada gaming license was already approved for the partnership between 888 and Treasure Island Hotel and Casino.
The future is in the hands of the US market. Mattingley has his sights set on California, Florida and New York. Securing a place in these states in addition to its current deals will give 888 Holdings a significant presence in the US.
