888 Holdings has issued a trading update ahead of year end, reporting that the board remains confident that earnings (adjusted EBITDA) for the full year to December 31 will be in-line with its expectations.
The operator group said that momentum was maintained in sport, casino and across regulated European markets, supported by an ongoing focus on product enhancement with Orbit, 888’s new casino platform, which was launched in May.
Poker 8, 888’s new poker platform, is due to begin its phased roll-out in the coming weeks. In the UK, the board said that initial positive trends in revenue highlighted in the half-year report in September have continued throughout the second half of the financial year.
In the US, the group launched 888sport in New Jersey in September, while earlier this month 888 sealed the acquisition of the remaining 53 per cent interest in the All American Poker Network.
Itai Frieberger, chief executive officer of 888, said: “888 has maintained its strong momentum in casino and sport, particularly in continental European markets. In the UK, we are pleased to update that the initial positive trends in revenue reported at the time of the group’s half year results have continued.
“888 remains very excited by the significant long-term growth opportunities in the US market and, throughout the year, we have made significant operational progress in the region. The recently announced acquisition of the remaining stake in AAPN places 888 in an even better position to take advantage of the significant growth opportunities in the US and create additional value for our shareholders,” he said.
“The board remains excited by 888’s long-term growth prospects.”