Analyst Research Report Snapshot

Title:

888 HOLDINGS - B2B PROGRESS

Price:

$10.00

Provider:

Edison Investment Research

Date:

05 May 2009

Pages:

2

Type:

AcrobatPDF

Companies referenced:

888.L

Available for Immediate Download
Summary:

888’s Q1 KPIs were as expected, with lower casino and poker revenues but good growth in B2B income. Encouragingly, Q2 to date is better, with revenue up 3%, and net cash stands at US$78m. The shares have underperformed the online gambling sub-sector due to recent profit downgrades, and the timing and scope of any settlement with the DoJ represents an ongoing uncertainty. However, 888 has excellent brands and a growing B2B revenue stream, while long-awaited M&A activity is expected to enliven the sector during 2009. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 3077 5713 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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