888 set to achieve full-year expectations

888 has cited its casino and sport divisions as key drivers behind the company’s positive performance in the second half of the year.

In a pre-close trading update, 888 said that adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) will be in line with expectations for the year ended December 31, 2016.

The update comes after 888 revealed 19% year-on-year increase in revenue for the first half of the year, with EBITDA also up by 8%.

Itai Frieberger, chief executive of 888, said: “We have continued to make strong progress against our growth strategy by developing 888’s offering across regulated markets, investing in our proprietary platform and driving further growth in our core B2C business, led by casino and sport.

“The strength of the group's performance during 2016 continues to be underpinned by 888’s core expertise in CRM, marketing and business analytics which is further supported by the effort and passion of our highly skilled team.

“These qualities mean that 888 remains well positioned for continued future growth.”

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