We would love to hear your thoughts about our site and services, please take our survey 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: 85.30
Bid: 85.00
Ask: 85.30
Change: -0.25 (-0.29%)
Spread: 0.30 (0.353%)
Open: 82.00
High: 85.90
Low: 82.00
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
20th Mar 20187:00 amRNSBlock Listing Application
20th Mar 20187:00 amRNSDividend Declaration
20th Mar 20187:00 amRNSFinal Results
13th Mar 20184:24 pmRNSHolding(s) in Company
12th Mar 201811:35 amRNSHolding(s) in Company
1st Mar 20187:00 amRNSTotal Voting Rights
28th Feb 20188:42 amRNSHolding(s) in Company
1st Feb 20187:00 amRNSTotal Voting Rights
26th Jan 20182:30 pmRNSNotice of Results
16th Jan 20187:00 amRNSBlock listing return
8th Jan 20187:00 amRNSHolding(s) in Company
2nd Jan 20187:00 amRNSTotal Voting Rights
14th Dec 20177:00 amRNSPre-Close Trading Update
1st Dec 20177:00 amRNSTotal Voting Rights
28th Nov 20178:45 amRNSAppointment of Non-Executive Director
1st Nov 20179:04 amRNSTotal Voting Rights
27th Oct 20178:00 amRNSChange in Director's Particulars
9th Oct 20172:55 pmRNSHolding(s) in Company
4th Oct 20177:06 amRNSSinitus Nominees Ltd ABB - 888 Holdings Plc
2nd Oct 20178:59 amRNSTotal Voting Rights
25th Sep 20174:13 pmRNSDirector/PDMR Shareholding
12th Sep 20171:54 pmRNSHolding(s) in Company
5th Sep 20177:01 amRNSDividend Declaration
5th Sep 20177:00 amRNSH1 2017 Financial Results
1st Sep 20179:29 amRNSTotal Voting Rights
31st Aug 20177:04 amRNSConclusion to UKGC Licence Review
1st Aug 20177:00 amRNSTotal Voting Rights
17th Jul 20177:00 amRNSBLOCK LISTING SIX MONTHLY RETURN
13th Jul 20177:00 amRNSNotice of Results
3rd Jul 20177:00 amRNSTotal Voting Rights
6th Jun 20173:24 pmRNSHolding(s) in Company
1st Jun 20177:00 amRNSTotal Voting Rights
15th May 20177:00 amRNSGambling Commission Review
9th May 20178:57 amRNSAppointment of Non-Executive Director
9th May 20178:53 amRNSResult of AGM
4th May 20177:00 amRNSDirector/PDMR Shareholding
2nd May 20177:00 amRNSTotal Voting Rights
10th Apr 20177:00 amRNSDirector/PDMR Shareholding
3rd Apr 20177:00 amRNSTotal Voting Rights
21st Mar 20177:04 amRNSDividend Declaration
21st Mar 20177:00 amRNSAnnual Results
1st Mar 20177:00 amRNSTotal Voting Rights
2nd Feb 20177:00 amRNSTotal Voting Rights
30th Jan 20174:40 pmRNSNotice of Results
30th Jan 20174:23 pmRNSNotice of Results
16th Jan 20177:00 amRNSBlock listing six monthly return
3rd Jan 20177:00 amRNSTotal Voting Rights
15th Dec 20167:00 amRNSPre-Close Trading Update
13th Dec 20167:00 amRNSAppointment of Joint Corporate Brokers
1st Dec 20167:00 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.