Online gaming operator 888 has reported a year-on-year rise in all key financial metrics in the second quarter of 2014 to register record revenue figures for the first half of the year.
In an interim statement for the three months through to June 30, 888 said that group revenue had increased by 15% to $111 million (€82.9 million).
The company’s B2C sales increased by 11% to $95 million, with casino revenue contributing $53 million (a 15% rise), poker providing $23 million (a 2% increase) and bingo contributing $12 million (a 17% rise).
There was particularly strong growth for 888’s B2b revenue, with US operations and bingo driving revenue to $16 million, an increase of 37%.
Total group revenue for the first half of 2014 was $225 million, up 13% on $200 million for the corresponding period in 2013.
The company said that 888 had 16.8 million casino, poker and sport-real money registered customer accounts on June 30, representing an increase of 17% from a year earlier.
According to 888, trading during the third quarter has continued to be strong, with revenue during July more than 15% higher than the corresponding month last year.
“I am pleased to report that 888 has delivered another strong performance in the second quarter which, in combination with our very good start to the year, has once again resulted in record-breaking revenue for H1,” 888 chief executive officer Brian Mattingley said.
“This outcome has been 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.”
source : www.igamingbusiness.com
