SBC News Voice of the Sports Betting Industry
888 Holdings announced a strong start to 2014, with the operator posting an 11% year on year increase for Q1 generated revenues to US$114m (£68m) up from $103 million Q1 2013 figures (£61 million)
Total B2C revenue for the quarter rose to $97.8 million from $92 million a year ago. Number of active paying customers at B2C Casino and Poker increased by 7 percent to 682,000 from 634,000 a year earlier.
Senior management pinpointed its casino B2C product as a key performance driver. The product generated 14% uplift in increase revenues contributing $54 million (£32 million) in revenues. The operator has also witnessed a increase in casino spend per active customer to $202 – £125.
Further good news for 888 Holdings, saw an improved performance for its bingo division, which had suffered a slowdown in revenues for 2013. The operator delivered a 43% increase in revenues from the bingo B2B division, its B2B product Dragonfish posting revenues of $16 million (£9.5 million)
888 Holdings will look to expand its igaming services into new territories in the coming months with the launch of igaming products in US states of Delaware, New Jersey and Nevada.
CEO Brian Mattingley commented on the operators Q1 Performance
“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”.
