888 Holdings enjoyed significant growth in 2008, with total operating income increasing by 21 per cent over the course of the year to US$263m.

Net gaming revenue from casino products for the 12 months ended December 31, 2008 increased by 13 per cent to $134m. However, revenue from poker fell by six per cent.

During the fourth quarter, total operating income was down six per cent on the corresponding period in 2007 due to adverse foreign exchange movement.

"888 demonstrated tremendous progress during 2008 with 21 per cent total operating income growth despite a disappointing Q4," said Gigi Levy, the company’s chief executive.

"The prolonged and deepening economic downturn and volatile adverse foreign exchange movements meant unprecedented challenging trading conditions following the end of the summer holiday season."