SBC News Voice of the Sports Betting Industry
London-listed enterprise 888 Holdings is confident of delivering on its full-year 2019 earnings expectations after closing the year with revenues at an “all time high” for December trading.
888’s strong H2 performance was ‘underpinned by the continued success of the Group’s Orbit casino platform’ which was launched across a number of regulated markets. It also sustained improved revenues across its sport betting verticals.
In the UK, 888 continued its market recovery supported by increased revenues, reflecting its sustained focus on engaging with and entertaining recreational customers.
This 2019 recovery has been further aided by a diverse regulated market mix, with the firm detailing sustained growth across Italy and strong performances in the re-regulated markets of Romania and Sweden.
Itai Pazner, Chief Executive Officer of 888, said: “The Group has delivered solid progress in the second half of the financial year underpinned by continued momentum in Casino and Sport. We are very encouraged by the growth in new customers during 2019 with a record of more than one million new customers signing up to 888’s brands during the year. In addition, we were very pleased to end the year with a record revenue month in December.
“We have delivered a strong recovery in our UK business underpinned by a clear and unwavering focus on entertaining recreational customers in a safe and secure environment. Continuous investment in further enhancing responsible gaming processes and tools across all markets will remain a key focus for the Group.
“888 has entered 2020 with good momentum across several regulated European markets and, underpinned by further investment in our team, marketing and product development, we remain focused on achieving further progress in the US. With 888’s core strengths as a responsible operator with outstanding technology and diversification across a number of regulated markets, the Board remains confident of further progress in the year ahead.”
