Thursday August 7,2014 : 888 CEO BULLISH ON COMPANY'S ONLINE SPORTS BETTING PRODUCT
"Sport continues to provide a big opportunity for 888," says Mattingley.
888 Holdings chief executive Brian Mattingley remains bullish on the prospects for his company's online sports betting venture 888Sports, telling reporters in a conference call Wednesday that his company's Emerging Offering division, which includes the sportsbook product, generated $7 million in revenues – up 15 percent – in Q2-2014.
“Our Sports betting offer once again performed well during quarter two, in line with our ambitious goals and expectations," Mattingley said.
"Sport continues to provide a big opportunity for 888, both in terms of revenue and market share growth and we are continually looking at ways to further improve our offer.”
Elaborating on the company's sports betting plans, chief operating officer Itai Frieberger, said that efforts would continue to improve the product in order to make it ever more competitive in a saturated European market. He also disclosed that further licensing in more recently emerging European regulatory jurisdictions was being considered.
“We see a lot of opportunities in the sports betting market and this is just the beginning of our product," Freiberger said. "I think there is much opportunity here for 888Sports to take advantage of market conditions. We are opening up more territories and allowing more people to find what they’re looking for when it comes to Sport, and we're ramping up marketing spend on the vertical."