888 Full-Year Expectations Remain On Course

Online gambling operator 888 Holdings has said that it remains confident of meeting management expectations for full-year adjusted earnings before interest tax, depreciation and amortisation (EBITDA).

In a pre-close trading update, 888 said that the positive trends reported in its third-quarter update on October 16 had continued in the final quarter of the year.

The company said in its interim report in October that the company was on course for a significant uplift in sales for the full year following a 2% increase in year-on-year revenue to $94 million (€69 million) in the three months through to the end of September.

At the end of the third quarter, total group revenue stood at $294 million, a 6% increase in 2012.

The company’s business-to-customer casino division was the main driver of the increase, with quarterly revenue of $45 million representing a 19% uplift thanks to more regulated markets and greater mobile and product offerings. However, all of the company’s divisions reported an increase in sales.

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