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A Good Second Quarter

As the second half of 2008 continues to roll on by the online casino gambling companies are beginning to release their second quarter and half year reports. The summer months are traditionally a tough time for the gambling companies as demand for gaming drops some and the European Football Championships entice some gamblers away from the online casinos. But the 888.com internet gambling group actually announced some very positive Q2 earnings that wholly indicate that the company’s bold expansion strategy is proving successful.

888.com is one of the fastest growing online casino gambling groups in the industry and is gaining a very strong reputation for innovation thanks to 888’s integrated gambling platform which converges all of the best gaming software in the world onto one gaming platform. Additionally, 888.com has launched one of the Web’s most successful white label licensing deals in the industry.

The company’s online casinos proved the heartiest during the rough summer months and the Q2 report indicated that the net gaming revenue for this division of the gambling group grew a healthy 28 percent to offer up $35 million in net gaming revenues. As expected, internet poker was quite as fortunate because of the Euro 2008 and this division saw a slight decline in net gaming revenues from the previous quarter.

Of surprising success is the 376 percent increase in new online casino gambling sectors like internet bingo. Online bingo has become a major force to be reckoned with in the UK market and netted the company $12 million in gaming revenues.