Online gambling operator 888 Holdings has cited the progress it has made in newly regulated markets as the main cause behind a 10% year-on-year revenue increase in the 13 weeks through to December 31, 2013.The firm posted revenue of $107 million (€79 million) for the fourth quarter of 2013, up from $97 million in the corresponding period in the previous year.
The company is due to publish its preliminary results for the year ended December 31, 2013 on March 25, but in a trading update, 888 said that group revenue for the full year had increased by 7% to $401 million.
All of 888’s B2C divisions enjoyed an increase in sales in the fourth quarter, with casino, poker and general customer revenue increasing by 15%, 2% and 8%, respectively.
The operator also said trading during the first 27 days of the first quarter of 2014 had “started well, continuing the strong trading during the previous quarter”.
888 chief executive officer Brian Mattingley said: “Our strong result has again been driven by the progress we have made in newly regulated markets as well as a continued excellent performance in Casino and further market share gains in Poker, where we are now ranked Number 2 in the Pokerscout global rankings.”
source : www.igamingbusiness.com
