888 Holdings plc Pre-Close Trading Update (8932R)
15 December 2016 - 7:00AM
UK Regulatory
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."
- ends -
* Calculation consistent with past practice.
Contacts and enquiries:
888
Itai Frieberger, Chief Executive
Officer +350 200 49800
Aviad Kobrine, Chief Financial
Officer
+44(0) 207
Hudson Sandler 796 4133
Alex Brennan 888@hudsonsandler.com
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)