We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedTechnology

Online gaming company 888 still hopeful for Ladbrokes deal


888's Q4 operating income rose 18 percent to $71 million led by poker

Article comments

Bookmaker Ladbrokes may still be interested in buying 888 following the online gaming company’s record fourth quarter results posted on Monday, 888 chief executive said.

888 Chief executive Gigi Levy told Reuters that the company was still hopeful that a deal could be reached.

"It's definitely not off the table. There is still interest on both sides in doing a deal. Every big deal has complexities,  there's nothing which is a big sticking point. There's a variety of things like in any deal. We're trying to see whether we can tackle them or not," Levy said.

Total fourth quarter operating income for 888 rose 18 percent to $71 million (£44.11 million), led by poker which grew 28 percent. Income for the twelve months grew 6 percent to $262 million.

"We are very pleased with the results delivered during the last quarter of 2010 - especially the record 18 percent quarterly sequential growth,” said Levy in a trading statement released on Monday.

888 provides online gaming solutions directly to the consumer including poker, bingo, sport and social gaming, as well as providing software to other companies.

“2011 has started well and given that our various business initiatives are progressing as planned we expect to grow the business further during the year," Levy said.

Share:

Comments

Online gaming company 888 still hopeful for Ladbrokes deal
Technology

What does your perfect datacentre look like?

What does your perfect datacentre look like?

The financial impact of rising energy bills is a headache for companies toomore ..


iPhone sales drive strong Apple earnings

Apple's iPad shipments decline, but revenue and profit increasemore ..

Facebook sales leap as mobile ad business grows

Mobile ad sales comprised nearly 60% of the company's total ad salesmore ..

Raspberry Pi alternatives emerge to fill need for speed

The HummingBoard and $50 Banana Pi are faster alternatives to the popular $25 Raspberry Pi PCmore ..

What UK business needs to do now with big data

In the final of a three-part series, we look at the potential for companies to become victims in the battle for big datamore ..

Ethical questions around big data

In the second of a three-part series, Pat Brans looks at the ethics of collecting 'big data'more ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Do you have what it takes to become a non-executive?

Do you have what it takes to become a non-executive?

The benefits of board service for CFOs more ..

In Depth
How M&A teams can create value by challenging the CEO

How M&A teams can create value by challenging the CEO

A typical “hold” period of nine to 18 months can generate increased sale value more ..

Advertisement

* *