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LONDON, England -- As reported by Bloomberg: "888 Holdings Plc, the
second-largest U.K. online gambling company, forecast sales growth in the
industry of more than 20 percent next year as consumer confidence returns, Chief
Executive Officer Gigi Levy said.
"Online gaming has been hit by slowing economies and a drop in consumer
spending during the worst recession since World War II. 888's second-quarter
operating income fell 12 percent to $61 million from a year earlier, and the
number of active casino and poker customers declined 8 percent to 180,000, the
company said today in a Regulatory News Service statement.
"'We feel a lot more confident the industry's going back to its normal
growth trend, rather than continuing to be hurt by the recession,' Levy said in
a telephone interview. 'We're looking at Q1 as the lowest point, and aiming to
grow from there.'
"888 is looking to set up operations for other businesses to compensate
for a slowdown in poker and casino gambling during the global recession. The
Gibraltar-based company is also trying to attract female customers, especially
in Continental Europe, with bingo and other online games.
"Both income and
player numbers bottomed in the first quarter, 888 said today..."
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