15 Dec 2008 07:00
15 December 2008
888 Holdings Public Limited Company
("888" or "the Company")
888 announces expansion of bingo operations
888 Holdings plc, one of the world's most popular online gaming entertainment companies, today announces a further expansion to its bingo activities in terms of potential revenues and geographic presence.
In addition to the seven networks currently run by 888 (Foxy Bingo, Mirror Bingo, Cashcade network, Think Bingo, Thinkbingocosy, Bingo Scotland and Wink Bingo), the Company has bolstered its B2B activities through the signing of agreements to launch three new bingo networks for third party companies. Two of these will be focused on the United Kingdom, with the third one being - for the first time - a localised Spanish offering.
888's bingo business also includes the Globalcom network on which 888, in addition to operating its own brands, hosts a number of 'skins', including some of the most prominent bingo sites in the UK.. Progress continues in this area of operations as well, and agreements have been signed to add six new partners to the network.
All of the above are set to launch in the first quarter of 2009, subject to final regulatory approval.
Gigi Levy, CEO of 888, said:
"These agreements and new initiatives represent acceleration in 888's bingo activity, the fastest growing segment in the online gaming industry. They are set to make a significant addition to our bingo business not only in revenues but also in geographic presence. Furthermore, they represent further growth in our fast-expanding B2B business"
Contacts and enquiries
888
Gigi Levy Chief Executive Officer +350 200 49 800
Aviad Kobrine Chief Financial Officer +350 200 49 800
Bell Pottinger Corporate & Financial +44 (0)20 7861 3232
Nick Lambert/Andrew Benbow
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement reflect 888'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, 888 undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.