888 Holdings Reports Revenue Increase Despite Regulatory Impacts

Onlinegamblingoperator888HoldingspostedtodayinformationaboutitsfinancialperformanceduringthetwelvemonthsendedDecember31,2015。

ExcludingtherecentlyintroducedEUVAT,overallannualrevenueincreased2%year-on-yeartoreach$462。

1million。

IncludingEUVAT,revenuetotaled$472。

3millionandrose6%year-on-yearfromtheamountof$390。

8millionpostedforthesameperiodayearago。

ExcludingEUVAT,revenuefromthecompanysB2Cbusinessamountedto$402。

6million,up3%year-on-year。

IncludingEUVAT,B2Crevenueincreased6%year-on-yearto$412。

5million。

IncludingEUVAT,casinooperationsgeneratedthetotalamountof$238。

7millionlastyear,up8%ascomparedtothefigurespostedfor2014。

Pokercontributedatotalof$88。

5milliontotheoverallrevenue,down6%year-on-year。

Proceedsfrombingototaled$44million,down6%from2014。

Emergingofferingsgenerated$41。

3million,representinganincreaseof38%。

Thecompanyrevealedthatrevenuefromregulatedonlinegamingmarketsaccountedfor59%oftheoverallturnoveritgeneratedoverthepastcalendaryear。

Inaddition,mobilecontinuedtogrowlastyearandrepresented47%oftherevenuepostedbythegamblingoperatorsUKB2Cdivision。

Revenuefrom888HoldingsB2Bbusinessamountedto$59。

5million,downfrom$63。

9millionpostedforthetwelvemonthsendedDecember31,2014。

Thedecreasewasattributedtoadversecurrencymovements。

AdjustedEBITDAdecreased20%year-on-yearasaresultfromanumberofregulatorychangesintroducedwithintheEuropeanUnionin2015。

Theamountof$80。

6millionwasgeneratedduringthetwelve-monthsendedDecember31,2015。

Adjustedprofitbeforetaxamountedto$55。

5million,down18%year-on-year。

Profitbeforetaxdropped52%in2015to$32。

5million。

Lastyear,888Holdingsregistereda37%increaseinthenumberofactivecasinoplayers。

Duringthesecondhalfof2015,thecompanyintroducedits777brand,laterondefiningthelaunchasasuccessfulone。

ThegamblingoperatorsawitsmarketshareinSpaingrowoverthepastcalendaryear,followingtheintroductionofslotstitlesaswellasthelaunchofasportsbettingwebsitethere。

888HoldingsalsoreportedacontinuedprogressinItaly,whereitlaunchedcasinogamingcontent,asportsbook,andmobilegamingoptions。

Itwasin2015againwhenthecompanyintroduceditsoperationstotheDanishgamblingmarketandestablishedtheMultistatePokerNetworkintheUnitedStates。

Commentingontheoperatorsfinancialperformancein2015,CEOItaiFrieberger,whoassumedhispostonMarch2,2016,saidthat2015wasaparticularlysuccessfulyearfor888Holdings,duringwhichitmanagedtomaintainitsoperationalmomentum,continueexecutingitsgrowthstrategy,andexpanditspresenceinanumberofregulatedmarkets。




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