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More Acquisitions for Online Casinos Group

888.com is a prominent internet gambling group licensed and based out of Gibraltar. Recently 888 released the company’s year-end results for 2007 which concluded what many already knew – 2007 was a rough year for many online casinos gambling companies. The U.S. passed legislation blocking foreign internet gambling operators for accessing U.S. players and with hefty penalties for companies choosing to remain in the U.S. market past October 2006. 888 was one of the online casinos that voluntarily withdrew from the U.S. market. But as a part of that withdrawal 888 was forced to restructure the company and employ new long-term strategies with the hope of staying afloat after the abrupt transition out of the U.S. market.

And although 888.com’s strategies for 2007 bring in nearly the same amount of revenue for the online casinos gambling group as the U.S. market, the strategies and new tactics are based in providing 888 with long-term solvency. A key part of 2007’s company goals centered on acquisitions into new markets while expanding within the lucrative European online casinos gambling market.

888.com was productive in the past year building and enhancing the company’s White Label division where online casinos companies from all over the world can use 888’s huge selection of games to offer niche Web sites in some of the smaller gambling markets. Additionally, 888 announced a partnership with the Rank gambling group. The CEO at 888, Levy commented that "There is a high likelihood we will make another acquisition in 2008. We are looking at a few companies.” This announcement is not exactly surprising and actually right in line with the company’s announced plans for the 2008 year.