Driven primarily by strong performances in casino and poker, 888 Holdings has reported group revenue of US$79m, an increase of 29 per cent year on year and a four per cent increase compared to Q1 2011.
“This quarter has seen strong performance in B2C for 888, especially in poker and casino,” commented deputy chairman Brian Mattingley. “While the excellent figures reported today give the board confidence of future growth, H2 will be impacted by our need to invest in regulating markets as these open up for us. However, despite the second half including the seasonally weaker summer trading period, and after taking account of the increased cost of investment we are confident, given the strength of current trading, that the company will report a financial performance for the full year to December 31, 2011, marginally ahead of current market expectations,” he added.
Also looking ahead and according to a report from Bloomberg, Mattingley said that the company is in the “advanced stages” of talks with Caesars Entertainment over a possible venture.
Operational highlights from 888 include the launch in Italy of 888.it and a B2B partner following certification of 888 products with the Italian regulatory authority (AAMS).
