In an industry where it seems like most companies are currently going backwards, 888 is winning and winning emphatically. Revenue for Q1 increased by 25% percent over the same period in 2011, from $75 million to $94m and poker revenues increased by 88%. What makes these figures even more astounding is the fact that barely 18 months ago, 888 was reporting a nosedive in poker profits of 25%.
Newly installed CEO Brian Mattingley is keen to point out that this revival in fortunes is no happy accident. Mattingley, who served as deputy CEO in the period following Levy's departure, says it's all down to the firm going back to basics. 'We've gone back to B2C and it's something that I think we do very well,' he says. 'In the course of the last two years, we have developed and enhanced our software, our platform and our infrastructure.'
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