888 shrugs off dollar's bad deal
Published Date:
18 November 2008
PACIFIC Poker owner 888 yesterday shrugged off the impact of economic turmoil and a stronger dollar, reporting more players between July and September.
The online gaming firm said active player numbers had grown to almost 217,000 in the third quarter, 3 per cent ahead of the same period last year.
While deposits in local currencies had been "fairly stable" the greenback's strength held back its dollar-denominated revenues, 888 said. But 888's net gaming revenues rose to $66 million (£44m) in the third quarter, 23 per cent ahead of last year.
The dollar blow was partly offset by lower operating costs because most of its outgoings are in non-dollar currencies.
The full article contains 118 words and appears in The Scotsman newspaper.
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Last Updated:
17 November 2008 9:09 PM
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Source:
The Scotsman
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Location:
Edinburgh
