Operator 888 Holdings is set to delay its publication of its full-year results for 2019, due the Financial Conduct Authority requesting all listed firms put a two-week break on publishing due to the ongoing coronavirus.
The operator, which was due to publish its preliminary results for the year to the end of December 31, will now confirm a new date for the results in the next few days, subject to FCA approval.
The board is monitoring closely the spread of Covid-19 and 888 is following all government and local health organisation guidelines in order to keep its global teams safe and healthy. While it is unclear how this fast-moving situation will evolve over the coming months, the postponement and cancellation of sporting events will impact 888's sport vertical, which accounted for 16 per cent of revenue in 2019.
The company noted in its press release on March 23: “There is currently evidence of increased customer activity in the group's casino and poker products that might, in part, compensate for the sports betting disruption for a period of time. However, in the event of a prolonged period of global macro-economic uncertainty, it is possible that consumer spending across the group's online gaming product verticals may also become impacted."
