888 Revenues on the Increase
By Simon Wright Jun 4, 2019
888 Holdings plc have posted their trading update this morning for 2019 and it shows solid growth for the group, particularly in the UK Market Place. With 888 Holdings plc announcing that UK revenue has increased by 18% on a like-for-like basis. With total group revenue increasing by 6% overall.
The board have announced that they as a result remain confident that the outcome for the full year will be in line with its expectations.
CEO of 888 Holdings, Itai Pazner commenting on the trading update provided to the London Stock Exhange by the company said: “888 has enjoyed a solid start to the year with strong momentum in Casino and Sport across a number of the Group’s major regulated markets.”
“Whilst Poker has remained challenging, we were pleased to see an improving revenue trend in Q1 2019 against Q4 2018. In addition, we are very encouraged by a 20% increase in first time depositors across the Group’s B2C business in the Period; this reflects 888’s outstanding marketing capabilities and is a key indicator of our growth prospects.”
“As a diversified operator that owns its own technology, the Board continues to believe that 888 has a unique platform to deliver continued growth in the dynamic global online gaming industry.”
For more information about the group check out Casinomeister’s review of 888.