A statement from the Gibraltar-based online gambling casinos site 888.com this week announced a 33% rise in second quarter revenues.

Total operating income was up 36% to $69 million, up from £51 million in the second quarter of 2007. Net gaming revenues were also up, by an equally impressive 33% to $67 million, from $50 million in the second quarter of 2007.

Most of the revenue gains were attributed to the online casino division of the gaming group, which saw net gaming revenue rise 27% to $35million. However the same stats for bingo and other games saw a huge 376% rise to $12 million. 888.com’s poker arm, Pacific Poker, saw relatively poor results, with a 10% fall in revenues from the first quater blamed on players watching the Euro 2008 football championships, resulting in net gaming revenues of $20 million.

Gigi Levy, 888 chief executive, commented: “We are delighted with our Q2 2008 results, especially given that we achieved sequential quarterly growth during a period which is typically seasonally quiet and throughout the Euro 2008 championship. Our various strategic initiatives are progressing well, and given the good start to the third quarter and our clear business strategy, we are confident of delivering future growth during 2008.”

Despite relatively negative forecasts from the world of online gaming, uk online casinos have so far weathered the credit crunch, and continue to post positive results. Some have suggested the industry may be resecssion-proof, as more people look to find entertainment from home, with some big players choosing to play casino games online rather than at a real casino.