Online gambling operator 888 Holdings has cited growth in its core markets as the main reason behind record quarterly revenue for the three months to March 31, 2014.The company posted total revenue of $114 million (€82.2 million) for the first quarter of 2014, a year-on-year increase of 11% on the $103 million achieved in the corresponding period last year.
The operator also reported that business-to-consumer revenue increased 7% from $92 million in the previous year to $98 million in the latest quarter.
The firm’s Casino business proved to be the main source of business-to-consumer revenue after it collected $54 million in revenue during Q1, up 14% on the previous year.
Poker revenue also increased 4% to $25 million while Bingo experienced growth of 2% to achieve revenue of $12 million during the first quarter of 2014.
Brian Mattingley, chief executive officer, said: “I am pleased to report that Q1 was another strong quarter for 888, resulting in record quarterly revenue for the group.
“Our market-leading brands and excellent product offering, underpinned by our innovative marketing and CRM capabilities, has driven further growth in our core markets.
“Furthermore, 888 continues to be well positioned to capitalise on positive regulatory developments.”
source : www.igamingbusiness.com
