888 Holdings plc Post-Close Trading Update (6231L)
14 Gennaio 2021 - 8:00AM
UK Regulatory
TIDM888
RNS Number : 6231L
888 Holdings plc
14 January 2021
14 January 2021
888 Holdings Public Limited Company
("888" or "the Group")
Post-Close Trading Update
888, one of the world's most popular online gaming entertainment
and solutions providers, today announces a post-close trading
update in respect of its results for the year ended 31 December
2020 (the "Period").
Further to the Group's Trading Update on 2 December 2020, 888 is
pleased to announce it continued to deliver a strong performance to
the end of the year, with both revenue and active customer numbers
in December representing all-time monthly records for the Group. As
a result, the Board now expects the Group to report revenue and
adjusted EBITDA for the Period moderately ahead of its prior
expectations.
This strong trading continues to reflect increased new customer
acquisition that started at the end of 2019 and continued
throughout 2020, the positive impact of new products launched
during the Period as well as an acceleration in the shift from
retail to online services witnessed across multiple consumer-facing
industries.
Whilst 888 has entered 2021 with good momentum, the Board
remains mindful of possible headwinds over the coming months
including macro-economic and regulatory uncertainties in certain
jurisdictions. Notwithstanding, the Board remains confident that,
with 888's outstanding product proposition, advanced technology and
diversification across global regulated markets, the Group remains
well positioned to deliver further progress.
Sell-side analyst webinar
At 4pm GMT today the Group will host a webinar event for
sell-side analysts. The event will discuss 888's latest product
innovations including: the Control Centre , the Group's latest safe
gambling innovation; Poker8, the Group's new and enhanced poker
product; and 888sport's new, proprietary platform that was
successfully launched during 2020 .
No new material information will be provided at the event.
A replay will be available from the investor relations section
of 888's website after the event.
(https://corporate.888.com/investor-relations).
- ends -
Enquiries and further information:
888 Holdings Plc +350 200 49 800
Itai Pazner, Chief Executive Officer
Yariv Dafna, Chief Financial Officer
Hudson Sandler - 888@hudsonsandler.com +44(0) 207 796 4133
Alex Brennan / Bertie Berger / Andy
Richards
Notes to Editors:
888 Holdings plc (and together with its subsidiaries, "888" or
the "Group") 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. Safer
gambling is a core focus for the Group and, a t the beginning of
2020, 888 launched its 'Safer. Better. Together' safer gambling
strategy and commitments.
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.
During 2019 888 was named Casino Operator of the Year at the
prestigious EGR industry awards and, in 2020, the company was proud
to be recognised at the 2020 Gaming Intelligence awards as winner
in the Casino Operator of the Year category. In 2020, 888 also won
two prestigious awards for its poker platform at the 2020 Poker
Listings Operator Awards in the Most Improved Software and Best
Beginner Software categories.
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 in a safe and
responsible manner.
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 Financial Conduct 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.
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END
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