888 Share Discussion Threads

[coxsmn] 12/3/2019 09:01

Group revenue decreased by 2% B2C Sport revenue increased by 6% (this is with a World Cup year boost)B2C Poker revenue decreased by 37%B2C Bingo revenue decreased by 17%30% of revenues in unregulated markets

[oohrogerpalmer] 12/3/2019 08:54

Decent enough results, What's interesting is that online gaming is forecast to increase by nearly 50% over the next 4 years.
Doesn't matter what restrictions governments put in people will still gamble.
Not many industries can hope for even half that growth over 4 years.
Load up on these online companies whilst you can because prices won't be so low again as this year.

[podgyted] 12/3/2019 08:21

At moment market seems to like the results. Outlook on sales in Q1 (up 10%) doesn't seem to tie-in with broker forecasts showing a a reduction.

[oneillshaun] 07/3/2019 09:41

Cheeky marketing stunt by 888, they now get a ton of UK players on top of this deal for free.

[oohrogerpalmer] 06/3/2019 19:29

That's better, should restore some faith in the industry especially as its getting battered from all sides at the moment.

hxxps://www.racingpost.com/news/u-turn-888-to-honour-ante-post-bets-placed-with-betbright-following-purchase/369501

[shaker44] 06/3/2019 14:32

I am happy 888 just cherry picked what they wanted without getting sucked into a bigger spend

[oneillshaun] 06/3/2019 09:20

make no sense not to buy the customer base, would have been a nice chunk of UK sports book players.

[trentendboy] 06/3/2019 08:14

InterestingYou would think the customer base would be worth something

[oohrogerpalmer] 05/3/2019 22:36

Wont do the betting industry any good especially 888.
Can't believe that bets already on the books were not addressed.
888 must have known this would happen and it reflects badly.

[bor491] 25/2/2019 11:52

btw the main products of 888 is not sports betting but online casinos but some poker/bingo. So yes they are impacted by the US Dept opinion on gaming I'm afraid...!

[red_shed2000] 19/2/2019 17:54

18 mln for 3.7 mln EBIT +synergies looks like a damn good deal to me...

[oneillshaun] 19/2/2019 16:15

888 acquires bingo brands from JackpotJoy for £18mln

888 Holdings PLC (LON:888) has strengthened its hand in the online bingo market through the acquisition of a clutch of brands from JPJ Group PLC (LON:JPJ) for £18mln.

Costa Bingo, City Bingo and Sing Bingo all already appear on 888’s Dragonfish platform but instead of licensing them, 888 will now own them itself.


READ: 888 Holdings says confident full-year adjusted underlying earnings will be in-line with its expectations

The transaction will be met in cash with £12mln paid on closing the deal and the rest to be paid in September 2019.

Mandalay, as JPJ calls the business being sold, generated £11mln of revenue and approximately £3.7mln of profit in 2018.

Main market-listed JPJ says it wants to concentrate on its JackpotJoy brand.

Itai Pazner, 888’s chief executive, said the brands being bought had originally been developed on the Dragonfish platform.

Consolidating them into its existing B2C portfolio means they can benefit from 888's product, marketing and customer relationship management, he added

[shiv1986] 19/2/2019 14:42

As a valuable BB on the ADVFN forum, we've decided to integrate more information onto our social platform on Twitter to create that real time aspect whenever we can.

It would be appreciated for those on Twitter to start to follow us to participate in our polls, see the latest information and the chance to win our exclusive offers.



Many Thanks

[cheshiremoggie] 19/2/2019 14:37

Specifically this:"Last time I heard the dept of justice reversed the opinion that online gambling was permitted?"It's rubbish.

[cheshiremoggie] 19/2/2019 14:34

It's your opinion that the ruling has scuppered online USA betting that is the fake news.

[cheshiremoggie] 19/2/2019 14:33

Do you actually understand what that opinion is? Do you not understand that it doesn't affect sports betting (the main product) at all.Poker will be affected but do you know how? Take a look at it and try to work out what it means.Then come back and comment.

[bor491] 19/2/2019 10:31

what is fake news?

[noujay] 19/2/2019 07:51

Certainly 888 would be a company affected were the new opinion enforced - it will not affect sports gambling but it does potentially affect inter state poker arrangements and lottery sales (hence the lawsuits filed last week by NH).

[bor491] 19/2/2019 07:45

so they acquired costabingo for quite a chunky amount - not sure its positive news.

as for the DOJ opinion it is not fake news!

hxxps://www.philly.com/news/trump-justice-department-adelson-casts-internet-mobile-gaming-in-doubt-20190202.html
hxxp://www.sentinelandenterprise.com/news/ci_32449211/online-gambling-push-hits-snag-federal-ruling
hxxp://www.snjtoday.com/story/39933430/new-doj-opinion-could-put-online-gambling-at-risk

[cheshiremoggie] 18/2/2019 18:21

"Last time I heard the dept of justice reversed the opinion that online gambling was permitted?"

Really - where did you get that from? Sounds like a bit of Fake News to me.

Any links to any actual information?

[bor491] 18/2/2019 17:43

what do you mean in full swing? if the DOJ rules against it - its finished?

[oneillshaun] 18/2/2019 15:52

bor491 - US is in full swing as we speak 888 are pretty much one of the UK public companies making money form US punters.

[bor491] 18/2/2019 14:15

but why would the USA companies be interested? Last time I heard the dept of justice reversed the opinion that online gambling was permitted?

[trentendboy] 15/2/2019 08:12

Interesting news over at GAN - 888 need to explain their US strategyThey have a position but do they hsve the right partners