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NEWS 15 December 2016

888 expected to achieve full-year target

By Nicole Abbott
888 reported that adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) will be in line with expectations for the year in a pre-close trading update.

The update comes after the company revealed a 19% year-on-year increase in revenue for the first half of the year, with EBITDA also up by 8%.

888 commended its casino and sport divisions, claiming them to be key drivers behind the company’s positive performance in the second half of the year.

Itai Frieberger, chief executive of 888, said: “We have continued to make strong progress against our growth strategy by developing 888’s offering across regulated markets, investing in our proprietary platform and driving further growth in our core B2C business, led by casino and sport.

“The strength of the group's performance during 2016 continues to be underpinned by 888’s core expertise in CRM, marketing and business analytics which is further supported by the effort and passion of our highly skilled team.

“These qualities mean that 888 remains well positioned for continued future growth.”

RELATED TAGS: Online | Financial | Poker | Casino
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