888 Holdings – the igaming operator of brands such as 888Sports, 888Poker and 888 Casino, has stated that it remains confident of meeting its set financial expectations for 2013. for adjusted earnings before interest tax, depreciation and amortisation (EBITDA). In an updated statement 888 Holdings stated that the company had demonstrated a strong third-quarter update for 2013,which had transferred into the final quarter of the year.
The report confirmed that in October 888 had seen an increase in revenues of 2% from 2012 figures, with $94 million (€69 million) in revenues generated in the third quarter of 2013. At the end of the third quarter, total group revenue stood at $294 million, a 6% increase on 2012.
888 holdings, online casino division was the key revenue driver with quarterly revenue of $45 million representing a 19% uplift, management stated that these positive figures had been driven by the company’s desicion to target new regulated markets.