Positive Outlook for the Future of 888 Holdings

As of May 30, 2007, financial results at 888 Holdings were looking up as the previous quarter's records showed 888 Holdings were regaining the foothold that they lost in the wake of the U.S. online gambling ban.

The Unlawful Internet Gambling Enforcement Act (UIGEA) was signed on October 13, 2007. The law bans financial organizations from processing transactions that are gambling related.

According to 888 Chairman Richard Kilsby during the 888 Holdings yearly general meeting, the financial outlook is encouraging.

As the company moves into the slower second quarter of the current fiscal year and the owner of Pacific Poker is steering the business with added gaming offerings on different platforms to sustain the growth of the company.

The company's progress was also due to different products related to the game of poker, as well blackjack and bingo games.

In May, 888 Holdings also began utilizing their poker client base to direct players to their casino gaming offering, like their new backgammon game.

With all of the strategic changes that the company made, 888 Holdings will further improve their statistics next quarter.

June 24, 2007
John Tucker