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888 Holdings has posted its H1-2016 results

ONLINE GAMING AND SPORTS BETTING DRIVE ANOTHER SUCCESSFUL HALF-YEAR FOR 888 HOLDINGS
 
Online gambling group continues to set new performance benchmarks.
 
Online gambling group 888 Holdings has posted its H1-2016 results, showcasing outstanding performances from both casino and sports betting verticals, and noting the following financial highlights:
 
* Revenue increased by 19 percent to US$262 million (H1 2015: US$220 million);
 
* B2C revenue up by 21 percent to US$229.5 million (H1 2015: US$189.6m);
 
* Casino revenue rose 31 percent to US$137.4 million (H1 2015: US$104.9m);
 
* Sport revenue increased by 63 percent to US$25 million (H1 2015: US$15.3m);
 
* Revenue from regulated markets was up 29 percent and now represents 63 prcent (H1 2015: 58 percent) of group revenue;
 
* Adjusted EBITDA up by 8 percent to US$44.1 million (H1 2015: US$40.9m); EBITDA increased by 36 percent to US$38.2 million (H1 2015: US$28 million) despite adverse currency movements of US$3 million;
 
* Profit before tax increased by 39 percent to US$27.8 million (H1 2015: US$20m);
 
* Interim dividend of 3.8¢ per share declared (H1 2015: 3.5¢ per share)
 
The group reported the following operational highlights:
 
* Strong Casino performance with active players in Q2 2016 up 35 percent year-on-year driven by premium content;
 
* Outstanding Sport growth boosted by successful Euro 2016 football, accelerated marketing investment and launching in new regulated markets (Italy and Denmark);
 
* Mobile driving growth across product verticals and accounting for 56 percent of UK revenue (H1 2015: 43 percent);
 
* Continued strong progress in Spain with full product suite driving revenue up 58 percent;
 
* Excellent momentum in Italy with revenue up 44 percent supported by the launch of Sport in Q1 2016;
 
* Continued encouraging performance in Denmark following successful launch in Q3 2015;
 
* Casino, Poker and Sport real money registered customer accounts up 7 percent at 21.9 million;
 
Group CEO, Itai Frieberger, reported to stakeholders:
 
"888 has delivered a very encouraging performance in H1 2016, driven by outstanding momentum at 888Casino and 888Sport where we achieved impressive revenue increases of 31 percent and 63 percent respectively.
 
"In line with our strategic focus we have made further excellent progress developing 888 in regulated markets and have grown regulated revenue by 29 percent against the prior year, reflecting strong performances in the UK, Spain and Italy as well as 888s recent successful launch in Denmark.
 
"888s continued success is built on our first class technology and core expertise in CRM, marketing and analytics. These strengths, along with the fantastic efforts of our highly skilled and dynamic team, mean that the business is in excellent shape to deliver long term sustainable growth.
 
"Trading in Q3 has started well with average daily revenue until 27 August 2016 15 percent. above strong previous year comparatives and 22 percent. higher on a like for like basis."

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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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