888 scraps dividend after World Cup hits poker

first_img Share 888 scraps dividend after World Cup hits poker John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Tuesday 31 August 2010 3:16 am More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comcenter_img whatsapp whatsapp Online gaming firm 888 scrapped its dividend, preserving cash to pay for acquisitions after the weak economy and World Cup sapped appetite for poker games and hit first half profit.“In order to continue investing for future growth, and to support potential acquisitions, the board has decided not to declare an interim dividend,” Chief Executive Gigi Levy said, adding that he saw “significant opportunities” for M&A activity.The company said that first half adjusted pretax profit fell 44 perc ent to $8.4m (£5.4m) from $14.9ma year earlier, saying the World Cup in June had exacerbated a broader, industry-wide decline in online poker playing.It also pointed to adverse currency movements and said the benefits of a cost cutting programme would only be felt during the second half of the year.“Trading in August has been significantly stronger than in July, with a double digit daily revenue increase especially in casino and poker,” 888 said in a statement. “Poker has seen an increase of more than 15 percent in revenue in August.” Show Comments ▼ Tags: NULLlast_img