888 shrugs off dollar's bad deal
PACIFIC Poker owner 888 yesterday shrugged off the impact of economic turmoil and a stronger dollar, reporting more players between July and September.
The online gaming firm said active player numbers had grown to almost 217,000 in the third quarter, 3 per cent ahead of the same period last year.
While deposits in local currencies had been "fairly stable" the greenback's strength held back its dollar-denominated revenues, 888 said. But 888's net gaming revenues rose to $66 million (44m) in the third quarter, 23 per cent ahead of last year.
The dollar blow was partly offset by lower operating costs because most of its outgoings are in non-dollar currencies.
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