SBC News Voice of the Sports Betting Industry
Speaking to industry and financial analysts at the 888 Holdings’ ‘Earnings Call’ on Tuesday 5 August, CEO Brian Mattingley and Chief Operating Office Itai Frieberger gave further insight into the operators ambitions with regards to its sports betting product – 888 Sports.
888 Gaming’s Emerging Offering channel, which incorporates its 888Sport sportsbook, saw an increase of 15% to $7m for the second quarter of 2014. 888 Holdings recorded a total increase in gaming revenues of 15% to US$111m.
While sports betting is still viewed as an emerging/growing product for the operator, both Mattingley and Frieberger stated that 888 Sports had vast potential for growth. Both 888 Governance Officers had been impressed by the products performance during Q2.
Brian Mattingley commented “Our Sports betting offer once again performed well during quarter two, in line with our ambitious goals and expectations. Sport continues to provide a big opportunity for 888, both in terms of revenue and market share growth and we are continually looking at ways to further improve our offer”
COO Itai Frieberger, outlined that 888 Sport would look to improve its player offerings in the coming months, in order for the sports betting product to be competitive in a saturated European market. Frieberger further stated that 888 Sports was carefully considering market entry into newly licensed European igaming jurisdictions.
Frieberger commented “We see a lot of opportunities in the sports betting market andthis is just the beginning of our product. I’m not saying, we are going to be as big as the big Sports Group, but I think there is much of opportunity here for 888 sports to take advantage of market conditions”.
“We are opening up more territories and allowing more people to find, what they’re looking for when it comes to Sport. We’ve also uplifted our marketing when it comes to Sport. So we spend more now on Sport”
