888 Holdings Announces Rise In Profits

888 Holdings, the online gambling firm, has announced an impressive set of financial figures for 2011, reporting a 26 per cent rise in full-year revenue.

And according to the firm, strong trading has continued into the first quarter of 2012, online poker players will be interested to learn.

The firm suggested that its strong financial results have been driven by the ongoing economic downturn, with an increasing number of Britons opting to stay at home and play games online.

888 announced its casino, poker, sport and bingo brands posted a revenue of $331 million (£209 million), a rise from $262 million 12 months earlier.

The firm has confirmed that it has around 10.6 million casino, poker and sport real money registered customer accounts, which is equivalent to a 22 per cent year-on-year rise.

888 shares have risen sharply in recent times, more than doubling from their 52-week low last year.