Pacific Poker Doing Well

Pacific Poker and their parent company 888 Holdings PLC are doing very well despite the US Government’s ban of online gambling. In a recent statement to the London Stock Exchange that profiled their trading, they pointed out that they have done extremely well last year, and completely turned themselves around after the US ban.

They said they have added mobile phone gaming, sports betting, like poker clubs, etc. They are also in talks with Ladbrokes PLC, but declined to answer where they were exactly.

888 Holdings was actually one of the first companies to withdraw their online gaming services from US customers after the Unlawful Internet Gambling Enforcement Act of 2006 was introduced. Immediately following that move, their average daily first time depositors fell by 37%. However, they are now 35% higher than that low. They also have their average daily deposits up 35% from that same time, when they fell 50%. They have brought up their poker players from a drop of 39% to an increase of 27%.

The company has also decided to move more into Europe and sports betting. They were granted their online sports betting license in December in Italy, and is planning on being fully online there late this year. They are also now offering a mobile casino with slot machines, blackjack, and roulette – the most popular games online right now.
 

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