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Good online casino news for 888 Holdings

By admin on 2015-04-04 12:15:36

We couldn’t do this month’s online casino news feature at onlinecasino.ie without commenting on the performance of 888 Holdings. Fresh from rejecting what many thought was a fair offer from William Hill in February the company were able to report an excellent performance for the year 2014, plus a special dividend of seven cents a share on top of the final dividend of four and a half cents making a total of fifteen cents per share for the year. Revenues were up 14% to $454.7 million, with their online casino contributing $220.6 million of this, up 16% on the previous year. Proof if ever it was needed that a well-run online casino will be successful for both the online casino operator and their customers. Brian Mattingley, currently chief executive of 888 Holdings and due to move up to executive chairman in May, insisted that the company was not for sale but remained open to any form of discussions whether from potential suitors of possible targets. He admitted some surprise that Avi Shaked, 888’s biggest shareholder had felt that William Hill’s bid of 200p per share was too low but agreed that the bar had now been set for any future discussions on that subject. In the meantime we will continue to enjoy playing casino games at the 888 casino site and wish them well. It seems a shame to have to follow such a good piece of online casino news with the ongoing problems of 666bet. Having had their licence in Alderney and the UK suspended over concerns about how the group was being run, customers are beginning to fear that they could lose hundreds of thousands of pounds. It’s unclear what the problems are but let’s hope our fellow online casino games players are not left out of pocket.