In its annual financial figures for the year to December 31, 2012, 888 has reported an increase in revenues of 13 per cent while earnings were up 20 per cent.
The last year has seen 888 continue to flourish while building on its European business with major growth in the Spanish market and taking up strong strategic positions ahead of the imminent opening of the US online gaming market.
Revenues increased to $376m from $331m in 2011 while adjusted EBITDA rose to $67m, a 20 per cent increase on 2011’s $56m. 888 ended a strong year with 13.1 million real-money registered accounts and having paid total dividends in 2012 of nine cents per share.
Brian Mattingley, CEO of 888, said: "2012 was an exceptional year for 888. The ongoing focus on our core strengths and the customer proposition, coupled with the very positive effects of our targeted marketing campaigns, has led to tremendous growth in player numbers and record results.
“Our performance in Spain and Italy indicates that we have a compelling offering marketed in such a way that we are able to build significant market share in newly regulating territories, something that places us in a very exciting position as the US market begins to open for business.
“Led by the long-awaited reopening of the US market, from which we are uniquely well placed to benefit, 2013 is a year of significant opportunity and we have got the right deals in place, both B2B and B2C, to gain a substantial foothold in the US," said Mattingley.
The new year has also started very positively for 888, with average daily revenue in the first quarter of 2013 eight per cent higher than Q1 2012.
