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US ban fails to stem 888 profits

Online gambling firm says its first-half pre-tax profit soared 298% to $19m (£9.36m) and that it had made a good start to the second half of 2007. 888 was forced to pull out of the US last year following the approval of a new law effectively banning all foreign internet gaming websites. The Gibraltar-based firm said it was in talks with US authorities over possible retrospective prosecution. It said talks were continuing but it was too early to predict the outcome. Latin American tie-up Following the American ban, 888 took swift action including job cuts and refocusing on non-US markets. Meanwhile, 888 has announced a tie-up with one of Latin America's most popular poker brands, Tower Torneos, to work together to develop a series of bespoke online games. It is expected to deliver a significant amount of new players going forward "to strengthen 888's poker liquidity further". 888's latest results were for the six months to 30 June, and the 298% rise compares with the same period last year.

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