888 and Dragonfish Have Mixed News

888 this week reported a large drop in profits at the leading egaming supplier.  However, Dragonfish, owned by 888, saw an improvement of 33% and also enters the lucrative Italian Market through Bwin.

888 Upbeat Despite Profit Plunge

888 Holdings reported a drop in profits practically across the board for the 2009 fiscal year, however remained confident that 2010 will see it doing much better. Blaming the economic conditions of the last year, 888 said that profits had dropped from $40.24 million a year earlier to $27.57 million in 2009.

Revenues in its casino and poker divisions dropped, although its B2B group, Dragonfish showed improved profits of up to 33%. “Given our strong operational and financial platform we remain confident of our prospects for the year ahead,” said the Chief Executive Operator of 888, Gigi Levy.

Dragonfish Enters Lucrative Italian Market with Bwin

Bwin Italia has signed a lucrative deal with 888’s standalone B2B group, Dragonfish to supply its platform with a range of top casino games and backend services for the fast growing Italian market. The multi year deal will see Dragonfish supply both in-house and third party games.

“The synergy of bwin’s brand presence and our premium casino offering provides a potent combination, and is an ideal way to enter the growing Italian market,” said Gabi Campos of Bwin. “Signing an agreement with such internationally renowned operators shows the quality of the Dragonfish offering and our capability to provide the ideal platform from which to launch a casino offering in newly regulated markets.”

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