30th Apr 2007 07:04
888 Holdings plc30 April 2007 888 Holdings Public Limited Company ("888") Q1 2007 Key Performance Indicators 888, one of the world's most popular online gaming entertainment companies, is pleased to provide the following Key Performance Indicators for the first quarter of 2007. Financial highlights* 888 has started the new financial year well with record turnover in Q1 2007 inboth the Casino and Poker businesses. • Net Gaming Revenue up 19% to US$47 million (Q1 2006: US$39 million) • Net Gaming Revenue from Casino up 21% to US$26 million (Q1 2006: US$21 million) • Net Gaming Revenue from Poker up 17% to US$21 million (Q1 2006: US$18 million) • 32% increase in real money registered customer accounts to 3.9 million as at 31 March 2007 (2.9 million as at 31 March 2006). Set out below are 888's results for Q1 2007 Key performance Indicators - Q1 2007 In early January 2007, 888 introduced its popular Blackjack Casino game into thePoker platform providing its customer base direct access to its Casino games.Convergence into the unified client necessitates an adjustment to the reportingof our Key Performance Indicators. Accordingly Net Gaming Revenue ("NGR")derived from any Casino game is considered as Casino NGR irrespective ofplatform. Any customer who played a Casino game for real money is counted as aCasino active customer and also as a Poker active customer if they also played aPoker game during the relevant period (but only counted once towards groupactive customers). • Net Gaming Revenue up 19% to US$47 million (Q1 2006: US$39 million). • Net Gaming Revenue from Casino up 21% to US$26 million (Q1 2006: US$21 million). • Net Gaming Revenue from Poker up 17% to US$21 million (Q1 2006: US$18 million). • Number of Group active customers reached 205,907, an increase of 9% compared to Q4 2006 • Number of active Casino customers reached 70,769, an increase of 71% compared to Q4 2006 (as a result of the new KPI reporting) • Number of active Poker customers reached 168,066, an increase of 14% compared to Q4 2006 • Quarterly Net Gaming Revenue per active Group customer reached US$228, an increase of 6% compared to Q4 2006. • Quarterly Net Gaming Revenue per active Casino customer was US$367, a result of the new KPI reporting where Poker customers playing Casino games are also counted as active Casino customers. The result is a significant increase in Casino active customers which tend to bet, on average, less than Casino orientated customers. Nevertheless overall NGR increased 16% from Q4 2006 to Q1 2007 (compared to 9% from Q4 2005 to Q1 2006) • Poker quarterly Net Gaming Revenue per active customer was US$124, the same as in Q4 2006. • As at 31 March 2007, 888 had 3.9 million real money registered customer accounts from non-US regions, representing an increase of 32% since 1 April 2006. A trading update is provided as part of the preliminary results for the yearended 31 December 2006 released separately today. Contacts and enquiries 888 Gigi Levi Chief Executive Officer +350 49800Aviad Kobrine Chief Financial Officer +350 49800 Bell Pottinger Corporate & FinancialNick Lambert/Ann-marie Wilkinson +44 (0)20 7861 3232 This announcement includes statements that are, or may be deemed to be,"forward-looking statements". By their nature, forward-looking statementsinvolve risk and uncertainty since they relate to future events andcircumstances. Forward-looking statements may and often do differ materiallyfrom actual results. Any forward-looking statements in this announcement reflect888's view with respect to future events as at the date of this announcement.Save as required by law or by the Listing Rules of the UK Listing Authority, 888undertakes no obligation publicly to release the results of any revisions to anyforward-looking statements in this announcement that may occur due to any changein its expectations or to reflect events or circumstances after the date of thisannouncement.-------------------------- * All figures relate to non-US regions This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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