Online casino sites exist in order to make money. While the gamblers play there in order to earn money themselves and win big prizes, when looking at the big picture, in most cases it is the casino itself that comes out winning at the end of the day. Being a multi-million dollar industry, most online casino sites show nice revenues each quarter, but no one can promise them that the next quarter, or year, will be as successful as the last one. However, at least one online gambling group, 888.com, can certainly be satisfied this month, as it recently announced his revenues during the third quarter of 2007, and they were far better than those results of the last quarter.
Starting with the total revenues, the online casino enjoyed an increase of 37 percent, reaching to $52.5 million. The management, of course, couldn’t be happier: “We are very pleased with our results released today, which were achieved in what is typically the slowest quarter of the year," said the CEO of the company, Gigi Levy. If looking at the number more closely, the most significant rise came from the backgammon and bingo revenues, which summed up almost $5 million, compared to zero revenues last year.
The numbers, as you can see, are huge, but let’s not forget that this specific online casino is considered one of the biggest and most successful worldwide. Having more than 200,000 active customers and a total of 4.4 million real money casino and poker players registered, it’s really not that difficult to understand how so much money entered the companies’ money box.