Casinos.co.uk: Casino News Archive
Friday 9th December 2005
Online Casino Looks Toward FTSE 250
After a slow start to its trading life on the London Stock Exchange, 888.com has sprung to life. A 35% share price increase in the last three weeks has led to the possibility of the online casino being included in the FTSE 250 index when the latest list is announced on December 19.
888.com had excellent results in three months leading up to September 30, including a 56% rise in revenue to $70 million and 178% revenue increase from its poker room to $29.5 million.
The company’s share price has reached ¤1.84, reflecting a return of 5% on its IPO price and 888.com hope that their possible inclusion to the FTSE 250 will further bolster the share price.
Market analyst, Charles Wilson believes that it’s not just 888.com’s price that may be on the rise. Wilson said, ‘The robust Q3 statement for 888.com should also help restore the market's confidence in the online gaming sector.’
Source:OnlineCasinoNews
| Discuss this story in the Gambling.co.uk Forums. Last five forum Posts: |
|
|
|
|
|
|
|
|
|
