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888 Report Record Revenues

Submitted by Michael on Wed, 02/13/2013 - 14:50
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888 Holdings has seen record financial results for the fourth quarter and 2012 full-year periods. Reports suggest this increase has been down to demand for their mobile gaming services and also improved performance in Spain and Italy.

888 has seen revenue in the final quarter of 2012 up 7% on the previous year to $97m. This led to the overall full-year revenues to increase by 13% at $376m. Speaking in a trading update the brand has asserted that they have a huge 520,000 active poker and casino players which is an increase of 42,000 from 2011.

The company's chief executive, Brian Mattingley, explained that the brand has experienced and is still experiencing an increase in customer recruitment and therefore increasing revenues from their mobile platforms. Due to further investment in this area he also believes that this is just the beginning of a trend that's set to increase further.

After a few early bumps the brand has also seen success in Europe, with the chief executive again asserting that their success in both Spain and Italy has shown they have an attractive product to offer Europe's gamers. Early reports also suggest that 2013 has started strongly, following the trends set in 2012.

Shares in the company rose by 1% on 4th Feb.

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