888 and Bwin party in the news

Two of the major online casino operators have recently been in the financial news, and because both are on our onlinecasino.ie recommended online casino list we thought a brief summary their positions would be appropriate. 888 Holdings have recently announced their half year results, which show a significant turnaround from last year’s disappointment of a poor world cup, falling poker revenues and the collapse of bid negotiations with Ladbrokes. Excluding one-off charges the figures show increased revenues of 18% with underlying earnings up by 59% to $20 million. The company expect the full year results to be in line with expectations and are confident that their recent problems are now over and done with. The other online casino company who have recently published half year results is Bwin party, which resulted from the merger of the Austrian Bwin and the British based Party Gaming to become the biggest listed online gaming company in the world. This is an online casino company which has also had its problems and its share price had dropped by half this year before recovering a little last week. Analysts are confident that benefits of the merger can now be seen, and that the company is ready to take advantage of the legalisation and regulation activities now in progress in many parts of the world, including of course the United States. It is also felt that Bwin party may well be in a better position than most to take advantage of the huge American market if and when legalisation of online gaming comes to fruition, and may be subject to a bid from one of the other online casino operators. History shows that regulation of the online gaming industry tends to result in increased revenues for the well established online casino operators, partly of course because online casino gaming becomes legal, but also because the online casino companies are then allowed to advertise.