888 Holdings plc, a huge giant in internet betting has released the financial results for the 4th quarter of 2014. Amazingly, the results show an all-time increase in the revenues.
Some of the key financial factors highlighted at the end of December 2013 were:
•The quarterly revenue of the group increased to $107 million USD. The results of the fourth quarter in 2012 were only $97 million USD. Therefore, the group has witnessed a substantial increase of about 10% in one year and about 14% revenue increase compared to the third quarter of 2013. All the quarters were compared and huge results were stated.
•The revenue of the Business to Consumer casino is at about $51 million USD. The fourth quarter results in 2012 were only at $44 million USD. This shows an increase of about 15%, assisted by improved products.
•The revenue of the Business to Consumer casino is at about $25 million USD. The fourth quarter results in 2012 were only at $24 million USD. This shows an increase of about 2% due to the gains in the market shares.
•The group launched the Delaware and New Jersey regulated markets successfully in November 2013.
•The revenue of the group has achieved the highest recorded in all these years, which is at about $401 million USD. The results in 2012 were at about $376 million USD, which shows an increase of about 7% year to year.
The year ahead look bright for this company and earning are expected to remain positive and see growth. 888 Holdings operates a large number of different betting sites online including bingo and casino platforms.