Business
Q3 KPI & Trading Update
Q3 KPI & Trading Update.
About this update from Evoke Plc
[{"type":"text","content":"\n 888 Holdings plc\n30 October 2007\n\n\n \n\n30 October 2007\n\n 888 Holdings Public Limited Company ('888')\n\n Q3 2007 Key Performance Indicators and Trading Update\n\n888, one of the world's most popular online gaming entertainment companies, \ntoday provides the following trading update for the third quarter of 2007 and \ncumulative results for the nine months ended 30 September 2007.\n\nHighlights*:\n\n •Group Net Gaming Revenue up 37% to US$52.5 million (Q3 2006: US$38.3\n million)\n\n\n •Net Gaming Revenue from Emerging Offering** reached US$4.9 million (Q3\n 2006: Nil)\n\n\n •First Sportsbetting offering launched in Italy\n\n\n •Further product localisation with the release of the latest versions of\n 888's client software in 14 Languages, including localized cashiers\n optimized to maximize approval deposit rates\n\n\n •Access to over 40 Casino games from the Poker client in all 14 languages\n\n\n •New TV advertising campaign Playful Minds launched in the UK\n\n\n •Strong current trading\n\n\n\n\n\n\n'* All Figures refer to the group's business from non-US countries\n'** Emerging Offering refers primarily to Bingo and Backgammon\n\n\n\nCommenting on today's announcement, Gigi Levi Chief Executive Officer, said:\n\n'We are very pleased with our results released today, which were achieved in\nwhat is typically the slowest quarter of the year. NGR in Q3 climbed 5 percent\nhigher than Q2 with September being our best month since we withdrew from the\nUS. This record month has been exceeded in October with growing momentum\nfollowing the launch of our new 'Playful Minds' TV advertising campaign in the\nUK and other targeted markets. Following the pioneering launch of our white\nlabel offering in Latin America with Tower Torneos, our new licensed sports\noffering in Italy 888.it went live in October.\n\nGiven the continued roll-out of innovative product offering and our expansion in\nnew geographic markets using innovative marketing we are confident about our\nperformance in 2007 and beyond.'\n\nSet out below are 888's results for Q3 and cumulative results for the first nine\nmonths of the year.\n\nKey performance Indicators\n\nThird quarter 2007\n\n •Group Net Gaming Revenue up 37% to US$52.5 million (Q3 2006: US$38.3\n million)\n\n\n •Net Gaming Revenue from Casino and Poker up 24% to US$47.6 million (Q3...