Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks888 Holdings Regulatory News (888)

Share Price Information for 888 Holdings (888)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 89.00
Bid: 85.35
Ask: 89.00
Change: 3.45 (4.03%)
Spread: 3.65 (4.277%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 85.55
888 Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update and Capital Markets Event

4 Jun 2019 07:00

RNS Number : 0066B
888 Holdings plc
04 June 2019
 

 

 

 

4 June 2019

 

888 Holdings Public Limited Company

('888', the 'Company')

Trading Update and Capital Markets Event

 

Trading Update

 

888, one of the world's most popular online gaming entertainment and solutions providers, is pleased to announce a trading update covering the period from 1 January 2019 to 18 May 2019 (the "Period").

 

During the Period, Group revenue increased by 6% on a like for like basis* (2% increase on a reported basis). This performance has been underpinned by increased marketing investment and the release of the Group's Orbit Casino platform, which together have driven new customer acquisition up by 20% year on year. The Group's strong momentum has continued across a number of the Group's global regulated markets driven by Sport (29% increase*) and Casino (13% increase*) partly offset by Bingo (flat*) and challenging Poker (28% decline*).

 

Further to the announcement of 888's 2018 Financial Results in March 2019, the Group has continued to achieve encouraging growth during the Period in the UK market with revenue increasing by 18% on a like-for-like basis* (8% increase on a reported basis). In line with the Group's UK customer focus, the vast majority of UK revenue has been generated by recreational customers.

 

Underpinned by this encouraging start to the financial year, the Board remains confident that the outcome for the full year will be in line with its expectations.

 

Itai Pazner, CEO of 888, commented:

 

"888 has enjoyed a solid start to the year with strong momentum in Casino and Sport across a number of the Group's major regulated markets. Whilst Poker has remained challenging, we were pleased to see an improving revenue trend in Q1 2019 against Q4 2018. In addition, we are very encouraged by a 20% increase in first time depositors across the Group's B2C business in the Period; this reflects 888's outstanding marketing capabilities and is a key indicator of our growth prospects.

 

As a diversified operator that owns its own technology, the Board continues to believe that 888 has a unique platform to deliver continued growth in the dynamic global online gaming industry."

 

* At constant currency, adjusted for the migration of Cashcade Bingo and the acquisition of Costa bingo and AAPN.

 

 

Capital Markets Event

Later this afternoon the Company will host a Capital Markets Event for investors and sell-side analysts in London. At the event, 888's senior management team will provide a series of presentations on the Group's growth strategy, technology leadership, and focus on safe gambling. No additional material information will be provided during the event. The presentation materials and a webcast of the event will be available on the Company's corporate website later today.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596 /2014.

The person responsible for making this announcement is Itai Pazner, Chief Executive Officer of the Group

 

 

 

 

Contacts and enquiries:

888

+350 200 49800

Brian Mattingley, ChairmanItai Pazner, Chief Executive OfficerAviad Kobrine, Chief Financial Officer

Hudson Sandler (Financial PR)

888@hudsonsandler.com or +44(0) 207 796 4133

Alex Brennan / Bertie Berger / Hattie O'Reilly

 

Notes to Editors:

888 Holdings plc (and together with its subsidiaries, "888" or the "Group") is one of the world's most popular online gaming entertainment and solutions providers. 888's mission is to supply its customers with innovative and market-leading online gaming products, above all in a safe and secure environment.

888 has been at the forefront of the online gaming industry since foundation in 1997, providing to players and B2B partners an always innovative and world-class online gaming experience. At the heart of 888's business is its proprietary gaming technology and associated platforms.

The Group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners a leading platform through which to establish an online gaming presence and monetise their own brands.

888's consumer facing websites offer more than just online gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. 888's strong and trusted brands are all accessible through www.888.com.

Find out more about 888 at http://corporate.888.com/.

 

 

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement reflect 888's view with respect to future events as at the date of this announcement. Save as required by law or by the Listing Rules or the Disclosure Guidance and Transparency Rules of the UK Listing Authority, 888 undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTDBGDLRSGBGCX
Date   Source Headline
1st Jul 20207:00 amRNSTotal Voting Rights
26th Jun 20207:00 amRNSPre-Close Trading Update
5th Jun 20209:41 amRNS888 included in FTSE250 Index
4th Jun 202010:01 amRNSHolding(s) in Company
1st Jun 202010:41 amRNSTotal Voting Rights
28th May 20203:13 pmRNSHolding(s) in Company
27th May 202010:00 amRNSDirector/PDMR Shareholding
20th May 202012:05 pmRNSResult of AGM
15th May 20202:24 pmRNSAGM Resolution 16 clarification
11th May 20207:00 amRNSDirector/PDMR Shareholding
4th May 20207:00 amRNSDisclosure of Rights attached to Equity Shares
1st May 20201:39 pmRNSTotal Voting Rights
17th Apr 20201:11 pmRNSDirector/PDMR Shareholding
15th Apr 20207:01 amRNSDividend Declaration
15th Apr 20207:00 amRNSFinal Results
14th Apr 20204:36 pmRNSPrice Monitoring Extension
8th Apr 202011:24 amRNSNotice of Results
1st Apr 20207:00 amRNSTotal Voting Rights
24th Mar 20207:00 amRNSCOVID-19 Trading Update
23rd Mar 20203:33 pmRNS2019 Full Year Results publication date
20th Mar 202010:21 amRNSSecond Price Monitoring Extn
20th Mar 202010:15 amRNSPrice Monitoring Extension
19th Mar 20202:09 pmRNSHolding(s) in Company
19th Mar 202010:16 amRNSReplacement - Board Committee Appointments
18th Mar 20202:13 pmRNSBoard Committee Appointments
5th Mar 20204:09 pmRNSHolding(s) in Company
19th Feb 20205:43 pmRNSHolding(s) in Company
3rd Feb 20207:00 amRNSTotal Voting Rights
23rd Jan 20209:00 amRNSNotice of Results
23rd Jan 20207:00 amRNSDirectorate Change
22nd Jan 20207:00 amRNSDirector/PDMR Shareholding
16th Jan 20207:00 amRNSBlock listing six monthly return
14th Jan 20207:00 amRNSBoard Update
10th Jan 20204:12 pmRNSHolding(s) in Company
7th Jan 20207:00 amRNSPost Close Trading Update
2nd Jan 20207:00 amRNSTotal Voting Rights
2nd Dec 20199:55 amRNSTotal Voting Rights
15th Nov 20197:00 amRNSStatement regarding May 2019 Shareholder Vote
1st Nov 20197:00 amRNSTotal Voting Rights
30th Oct 20195:30 pmRNSMerlin Entertainments
25th Oct 201912:40 pmRNS888 wins Casino Operator of the Year at EGR Awards
1st Oct 20197:00 amRNSTotal Voting Rights
12th Sep 20199:21 amRNSDirector/PDMR Shareholding
10th Sep 20197:21 amRNSDividend Declaration
10th Sep 20197:00 amRNSDirector Declaration
10th Sep 20197:00 amRNSH1 2019 Financial Results
5th Sep 20193:14 pmRNSAppointment of Non-executive Director
2nd Sep 20197:00 amRNSTotal Voting Rights
2nd Aug 20197:33 amRNSCorrection: Director/PDMR Shareholding
1st Aug 20197:00 amRNSTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.