888 announces that their casino and sports division have been the main operators behind their positive performance within the second half of this year which aided in them securing their targets.
They announced in a pre-close trading update that their adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) will be in line with expectations for the year ended December 31, 2016.
This update follows a statement by 888 which divulged a 19% year-on-year increase in revenue for the first half of the year, with EBITDA also up by 8%.
Chief Executive of 888 Itai Frieberger stated:
“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.”