News Column

888 Holdings Revenue Rises 15% In Second Quarter

August 5, 2014

Sam Unsted

LONDON (Alliance News) - 888 Holdings PLC Tuesday said revenues rose in the second quarter and for the first half on the back of strong performance from its business-to-consumer and business-to-business operations.

The online gaming provider said group revenue in the second quarter rose 15% year-on-year, hitting USD111 million from USD97 million a year earlier. That was driven by an 11% increase in B2C revenues to USD95 million from USD85 million last year, and by a 37% rise in B2B revenues, up to USD16 million from USD12 million in 2013.

Total group revenue for the first half rose 13% to USD225 million from USD200 million last year.

888 said it had 16.8 million real money registered customer accounts across its Casino, Poker and Sport units at the end of June, a 17% increase on a year before.

Brian Mattingley, Chief Executive of 888, said the performance in the first half was "driven by strong performances across both our B2C and B2B lines of business and is testament to our exceptional brands, technology, marketing and CRM systems."

"Whilst the outcome for the full year will be dependent on trading in the second half, we continue to look forward with confidence as we further develop the business," Mattingley added.

888 shares were up 1.1% to 122.04 pence on Tuesday.

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Source: Alliance News

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