888 in the money
15-Sep-06
Online gaming firm 888 Holdings almost doubled its profits as gamblers raised the stakes on its casino and poker tables. 888 posted pre-tax profits of pounds 26m for the first six months of the year compared with pounds 14m 12 months ago.
It came as the value of bets laid on its 888.com website rose 32% to pounds 87m.
Chief executive John Anderson, who has led the company since 2000, and took it to the stock market last year, described the results as ‘excellent’ as he announced plans to quit the top job on December.
Western Mail & Echo Ltd