888 Holdings Plc (LON:888), one of the world’s most popular online gaming entertainment and solutions providers, today announced a trading update covering the period from 1 January 2019 to 18 May 2019.
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.