Showing that it may have come out from under the shadow of the UIGEA, online gaming firm 888 Holdings reported yearly pre-tax profits that are double from the previous year.The company’s stock shot up almost 5% on the news, closing on Tuesday at 150p.

888, which operates the online poker room, Pacific Poker, finished 2007 with profits of $45.8 million, a number which dwarfs the $22.2 million it earned in 2006.  

Gaming revenues, of course, were up 38% to $216.9 million.Most of this was from poker and casino games; poker revenues were $81 million (up 18%), while casino revenues were $118 million (up 33%).

Gigi Levy, CEO of 888 Holdings, said that 2008 has started well, and that, “With many strategic initiatives now underway, we see a bright future for the business.”

Tight Poker Staff

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Tight Poker Staff

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For nearly two decades, we’ve provided the best in class for poker site reviews, top online poker bonuses, strategy tips, poker news, and exclusive free poker content.  Consisting of a team of poker and gambling experts, we deliver the best online poker brand experience for players of all levels, from the fish to the sharks.
For nearly two decades, we’ve provided the best in class for poker site reviews, top online poker bonuses, strategy tips, poker news, and exclusive free poker content.  Consisting of a team of poker and gambling experts, we deliver the best online poker brand experience for players of all levels, from the fish to the sharks.