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888 Q1 Results are Positive

The first quarter of the year is a great time for the online casinos gambling group, and from the looks of the majority of the Q1 reports released already, most of the gambling companies have done well across the board for this quarter. That doesn’t mean though that all of these companies will turn in stellar full-year reports, the second quarter reports may actually show a more accurate picture at that time considering the second quarter normally shows a natural decrease in online casinos gambling activity. But that doesn’t take away from the fact that many internet gambling companies reported great earnings in the first quarter, 888.com gambling group was one of the companies reporting more than decent quarterly revenues.

According to the first quarter report, the 888 online casinos gambling is performing better than many may have anticipated – showing a 35 percent increasing in net gaming revenue. This was right in line with what some of the other popular internet gambling sites reported – a healthy gain in online casino gambling acitivity over the same quarter in 2006. The great thing for 888 is that the positive report for the casino gambling site was just the tip of the iceberg for the company. Other areas of the 888 gambling group also showed revenue increases over the same period in 2006.

Gigi Levy, the CEO at 888 actually commented that not only had the online casinos gambling site should increases in the first quarter, but that the second quarter is looking better than some analysts might have predicted. Levy remarks, “We are delighted with our Q1 2008 results especially given that we achieved further growth in the quarter well above the unusually high Q4 2007. Our growth has continued into Q2, driven particularly by Casino and Bingo and so far we have not experienced any impact of the historically quieter seasonal period." Although some of the other online casinos gambling sites have reported positive first quarter results, not all of the internet gambling companies can echo Levy’s sentiments that the second quarter is performing above expectation so far.