888 Sales Increase

Online gambling operator 888 Holdings has posted an increase in quarterly revenue for the three months until the end of September, to keep the company on course for a significant uplift in sales for the full year.

In an interim report for the third quarter of 2013, 888 said that group revenue had increased year on year by 2% to $94 million (€69 million) in the three months, with total group revenue for the first three quarters standing at $294 million, a 6% increase on 2012.

The company’s business-to-customer (B2C) 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.

Total B2C revenue for the first three quarters of 2013 was $260 million, a 6% increase on the corresponding period of last year, with the number of active customers of 888’s B2C casino and poker products increasing by 10% to 498,000.

By the end of September, 888 had a total of 14.9 million registered casino, poker and sportsbetting customer accounts, representing a year-on-year increase of 19%.

“I am pleased to report another strong performance with Group revenues up year on year primarily driven by casino,” 888 chief executive officer, Brian Mattingley, said.

“We continue to build customer numbers and take market share, reflecting our strong product offer, excellent platforms and marketing systems. This quarter has seen further progress in newly regulated global markets.

“In the US, the launch of the World Series of Poker in Nevada marked the start of our first regulated real money offer in the US and through our AAPN joint venture we have also entered into a partnership with Wynn Interactive for the development and deployment of Wynn’s online offering in New Jersey, Nevada and additional states, as they become regulated.

“Trading is in line with the Board’s expectations and we remain confident in the outcome for the year.”

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