888 Holdings plc Pre-Close Trading Update (8932R)

TIDM888

RNS Number : 8932R

888 Holdings plc

15 December 2016

15 December 2016

888 Holdings Public Limited Company

("888" or "the Group")

Pre-Close Trading Update

888, one of the world's most popular online gaming entertainment and solutions providers, today reports on trading prior to entering the close period in respect of its Full Year results for the year ending 31 December 2016 (the "Period").

Further to the announcement of 888's Half Yearly Report on 31 August 2016, the Group has continued to perform well and the Board anticipates that adjusted EBITDA* for the Period will be in line with its expectations.

Itai Frieberger, Chief Executive Officer of 888, said:

"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."

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* Calculation consistent with past practice.

Contacts and enquiries:

 
 888 
 Itai Frieberger, Chief Executive 
  Officer                           [phone] 
 Aviad Kobrine, Chief Financial 
  Officer 
 
 
                                    +44(0) 207 
 Hudson Sandler                      796 4133 
 Alex Brennan                       [e-mail] 
 Bertie Berger 
 

Notes to Editors:

888 Holdings Public Limited Company (888) 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 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 company news service from the London Stock Exchange

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(END) Dow Jones Newswires

December 15, 2016 02:00 ET (07:00 GMT)