The gaming corporation, 888, appears poised to achieve its projected goals for the current year.
A recent market update from the company revealed that its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) is anticipated to align with yearly projections. This announcement follows a reported 19% rise in revenue compared to the same period last year, coupled with an 8% surge in EBITDA for the initial six months of the year.
888 attributed its first-half expansion primarily to its casino and sports wagering segments.
Chief Executive Officer, Itai Frieberger, remarked, “We are maintaining substantial headway in our growth strategy, broadening 888’s reach across regulated markets, investing in our distinctive and proprietary technological infrastructure, and propelling further advancement of our core B2C operations, spearheaded by casino and sport.”
He further stated, “888’s fundamental strengths in customer relations management, marketing, and business analytics have continued to bolster the group’s robust performance throughout 2016, further augmented by the commitment and enthusiasm of our exceptionally skilled team. These attributes position 888 favorably to deliver sustained future expansion.”