Bingo News: 888ladies bingo and backgammon profit boost announced

By Becky Mosley - August 29 2008

888 Holdings Plc is the UK’s second largest online gambling company and is home to 888ladies online bingo uk. They have announced their profits for the first half of the year.

888 Holdings has said that they have had a huge leap in profits, going up by 40% for the first half of 2008. Their net income for the first six months of the year is a staggering $18.9 million, last year their profit for the same period was $13.5 million. The net gaming revenue rose 36% to $131.5 million.

888 Holdings CEO Gigy Levy has said that it had been a good first half and there are indications that the second half could prove to be even better.

The company has had to focus on the UK and European markets since the ban on foreign gambling websites in the US.

888’s current market value is more than £515 million.

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