Gambling company 888 exceeds expectations, as it records substantial revenue increase, due to its multiple business models.
The mobile casino firm reported a record revenue turnover for the whole year of 2013. The company’s records shows an increase of 7% from a year before, in 2012.
The firm achieved a mark just over 400, with revenues of $401 million in 2013, whereas for 2012, the figure stood at $376 million.
The main reason for the significant increase is due to the performance of 888’s brands, marketing systems and multiple platforms.
In addition, the company posted an increase in business-to-consumer revenue, as it as well grew 7% percent from the previous year, going from $330 million in 2012 to $352 million in 2013.
888’s adjusted EBITA stood at $76 million, which indicated a growth of 13% from the year prior, as the figure was $67 million in 2012.
Positive results overwhelm 888’s chief
Chief exec of 888, Brian Mattingley, highlighted the strong position that 888 is devoted to maintaining.
“I am delighted to report that we have delivered record-breaking revenue and increased our profitability, driven by our strong brands, exceptional platforms and best-in-class marketing systems.
He also expressed his delight that poker and other mobile betting games are popular among players.
“Casino delivered another strong performance and we made further market share gains in Poker, advancing to number two in the PokerScout global rankings at the year end.
“We have also significantly strengthened our offering in sport, which is delivering positive results.