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888 Falls Short of Expectations

25 Jul 2006

LONDON, England – As reported by Reuters: "Shares in Internet casino and poker room 888 fell more than 10 percent on Tuesday after a 23 percent boost in sales to $80 million during the second quarter fell short of expectations.

"'Second-quarter revenues fall short of our expectations in both poker and casino,' Investec analyst Matthew Gerard said in a note.

"…888, which owns Casino-on-Net and Reef Club Casino, said its casino revenues rose 9 percent year-on-year to $45 million (24 million pounds), while poker revenues climbed 48 percent to $35 million…"

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