888 profits double

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Online gaming firm 888 have seen profits more than double for the first half of 2013.

Profit after tax was $32.1m for the six months ended 30 June, an increase of 104% on the same period in 2012, with adjusted profit before tax rising 36% to $38.1m.

Operating profit was up 72% to $29.4m, while adjusted EBITDA increased by 7% to $38.6m.

Overall revenue for the period was up 7% to $200.1m, made up of B2C revenue of $177m (up 8%) and B2B revenue of $23.1m (up 1%).

Within the consumer figures casino, poker and emerging offering revenues all rose 13%, although bingo was down 18%.

888 CEO Brian Mattingley said: "I am delighted to report another set of excellent results.

“Record revenue for the first half has been driven by the continued strength of our core casino and poker products and our ability to maximise revenue through our exceptional platforms and best-in-class marketing systems.”
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