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28.08.2008 - 888 Net Profit Rises 40%, Helped by Bingo, Backgammon  888 Holdings Plc, the second-largest U.K. online gambling company, said first-half profit rose 40 percent after the introduction of new games spurred more bettors to open accounts. Net income rose to $18.9 million, or 5.4 cents a share, from $13.5 million, or 3.9 cents, a year earlier, the Gibraltar- based company said today in a statement. Net gaming revenue climbed 36 percent to $131.5 million. 888 introduced the 888ladies online bingo site and backgammon to help boost revenue after the company lost half its sales when the U.S. barred foreign gaming Web sites in 2006. The company has added sports betting to attract customers during events such as June`s Euro 2008 soccer tournament. Net gaming revenue from casino games, the main contributor, climbed 31 percent to $70.5 million, the statement shows. Poker sales advanced 2.2 percent to $41.7 million, while revenue from so-called emerging games, mostly bingo and sports betting, rose eightfold to $19.4 million. Source: Bloomberg materials Back to latest news |  |  | 
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