Online gambling operator 888 Holdings has experienced a 10% year-on-year revenue increase in the thirteen weeks leading up to December 31, 2013. They are citing newly regulated markets as the cause for the recent growth and progress they have experienced.
888 Posted revenue of $107 million dollars, or €79 million pounds, for the fourth quarter of 2013. This is a jump from $97 million dollars in revenue in 2012.
The results for the year that ended December 31, 2013 are planned to be published on March 25. However, in a trading update 888 has said that group revenue for the full year has increased by 7% to $401 million. Every single one of 888’s B2C divisions experienced an increase in sales in the fourth quarter. Casino, Poker and general customer revenue increased by 15%, 2% and 8% respectively.
888 Holdings has also said that trading during the first 27 days of the first quarter of 2014 “started well, continuing the strong trading during the previous quarter”.
The chief executive of 888, officer Brian Mattingley commented: ” “Our strong result has again been driven by the progress we have made in newly regulated markets as well as a continued excellent performance in Casino and further market share gains in Poker, where we are now ranked Number 2 in the Pokerscout global rankings.”
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