| Real
Casinos> 2008
- Real Casinos News Archive> 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"
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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.
This information is provided by RNS
The company news service from the London Stock Exchange
RNS news service provided by Hemscott Group Limited.
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