Online Casinos Reason for Increase

According to the financial paperwork filed by 888.com, their online casinos are the reason that they are doing so well. It would seem that the online casino group has had an increase in revenues of 38% for the first quarter.

This led to a net gaming revenue increase of $64 million – same time last year it was only $47 million. It seems that the online casino wing of the company is what has been bringing in the money, even though traditionally it should have gone down.

They are showing an increase so far for second quarter as well. They say that they are delighted that their first quarter results turned out so high, and that they are even more excited that they have not taken the downward turn that most do. They say that they are confident that they will continue to do well.

The online casino group says that in addition to their increase in revenue, there has been an increase in active customers as well. The group is now up to 213,115 active customers which is up 3.5% over same time last year. It is also up 2% over the previous quarter.

Why the increase in customers and revenue – it is not entirely clear, but it is definitely welcomed.