Online gambling operator 888 Holdings said it was able to achieve record turnover in the 12 months through to December 31, 2013, due to the performance of its brands, platforms and marketing systems.The company posted full-year revenue of $401 million (€290.4 million) in 2013, a year-on-year increase of 7% on the $376 million accumulated in the previous year.
Business-to-consumer revenue also grew by 7% from $330 million in 2012 to $352 million in the last 12 months.
In addition, 888 also reported that adjusted EBITA for 2013 totalled $76 million, an increase of 13% on the $67 million achieved in the previous year.
Profit before tax also grew by 30% from $41 million in 2012 to $53 million in 2013.
The company added that the number of real-money registered customer accounts across its Casino, Poker and Sport products grew by 19% to 15.5 million.
The operator additionally said that it had also started 2014 in a positive manner with average daily revenue up by more than 8% on the previous year,
Brian Mattingley, chief executive officer of 888, said: “I am delighted to report that we have delivered record-breaking revenue and increased our profitability, driven by our strong brands, exceptional platforms and best-in-class marketing systems.
“Casino delivered another strong performance and we made further market share gains in Poker, advancing to number two in the PokerScout global rankings at the year end.
“We have also significantly strengthened our offering in sport, which is delivering positive results.
“We have started 2014 well, with average daily revenue up more than 8% in the year to date, and look forward to the year ahead with continued confidence.”
source : www.igamingbusiness.com
