SBC News Voice of the Sports Betting Industry
Gearing up for its end of 2014 financial update, 888 senior management announced yesterday that the operator was confident of meeting yearly corporate performance expectations.
The operator published a brief trading update stating that it had continued its strong performance from Q3 2014. The operator was on target to meet management expectations as company EBITDA remains on target to record a 25% year on year increase.
In its previous quarter performance, 888 reported a record revenue performance of $114 million up 22% on Q3 2013: $94 million.
2014 has proved to be a positive year for 888 operations, with the company recording record numbers of active customers to its online casino and poker verticals. In Q3 2014 888 further reported improved revenue yield per customer on its B2C gaming verticals.
The operator has further managed to increase expand its sports betting product, reporting increase player wagering and activity for the vertical. In August of 888 Plc CEO Brian Mattingly commented on the firms sports betting ambitions
“Sport betting continues to provide a big opportunity for 888, both in terms of revenue and market share growth and we are continually looking at ways to further improve our offer”
