21st May 2008 07:00
888 Holdings Public Limited Company
("888")
AGM Statement
888, one of the world's most popular online gaming entertainment companies, is holding its Annual General Meeting at 9am (CEST) today, at Suite 601/701, Europort, Europort Road, Gibraltar. At the meeting, Richard Kilsby, Chairman, will make the following statement:
"The first quarter of 2008 started well with 38% NGR growth year-on-year and 2.6% NGR growth quarter-on-quarter following exceptionally high Q4 2007 NGR. This momentum has continued into the second quarter where growth is being driven by Casino and Bingo as well as our clear business strategy, our continued innovation in game development and integration and successful strategic partnership deals.
These strategic deals involve opening our platform to easy integration with games from "best-of-breed" partners and are in addition to continuing development of our own core game development and technology infrastructure. We carefully select market leading partners to provide us with additional games, particularly those with a local flavour, enables us to penetrate local markets at low cost.
We recently announced deals with CryptoLogic Limited, Gaming Technology Solutions Plc, Electracade and Rival Powered and plan to continue this infrastructure investment and integration over the coming years.
2008 has also seen the successful launch of 888ladies, 888sport and Live Dealer. We expect our recent developments, particularly 888ladies and 888sport to continue driving our business as we move into the seasonally quieter second quarter and we therefore remain confident of delivering further growth in 2008."
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Contacts and enquiries
888
Gigi Levy Chief Executive Officer +350 49800
Aviad Kobrine Chief Financial Officer +350 49800
Bell Pottinger Corporate & Financial
Nick Lambert / Andrew Benbow +44 (0) 20 7861 3232
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