888 releases earnings updates
In the short notification issued this week, Gibraltar-based 888 declared that its trading had remained ‘very strong especially in casino and poker’ since its issuance of an interim management statement in early-November and that it anticipates reporting clean earnings before interest, tax, depreciation and amortisation for the year to the end of December.
“2012 is set to be a year of major opportunity for 888 with the opening of several newly-regulated markets across Europe,” read the update from 888.
“The group intends to invest in these markets in order to establish and build market share. This significant strategic investment, along with the increases in gaming duty, will have an impact on the group's profit expectations. However, the board still expects results for the year ending December 31, 2012 to be slightly ahead of current market expectations.”
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