Yesterday 888 Holdings plc provided a trading update for the second quarter of 2009 and cumulative results for the six months ended 30 June 2009. Operating income was up 7% to US$61 million from the first quarter although was down 12% from second quarter 2008 figures. Registered customer accounts at 30 June 2009 showed a 25% increase from 30 June 2008 numbers.

Gigi Levy, Chief Executive Officer, said: "We are extremely pleased to report very good sequential quarter on quarter progress in Q2 2009 both in our B2C and B2B lines of business. Trading was stronger in Casino and Emerging Offering with Poker remaining softer, in line with wider industry trends. We are particularly encouraged with increased active customer levels in both B2C Casino and Poker.”

The company announced that it has a healthy B2B pipeline and is in various stages of negotiating a number of new B2B deals which are expected to have a positive impact on revenues in coming months. 888 expects further progress during the second half of the year especially during the fourth quarter. Given current trading, the progress of the strategic deals and the launching of new games, the company expects to grow the business further during the year.

Levy commented, “We enter the seasonally quieter summer period with delivery of our strategy on track and we remain committed to investing in the business in spite of the macro-economic environment. We are confident of delivering further growth during 2009 based on additional planned B2C activities and a set of newly launched B2B partnerships which we expect to start generating revenues in the coming months." (E-08.04.09)

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