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888 Holdings Posts Trading Update

Internet betting giant 888 Holdings has published a trading update, noting that the company's performance is on track to meet high expectations set out by its board of directors.

The update noted that first half results have been strong, and are being fueled by strong performance of its sportsbetting and casino products.

Commenting on his company's performance 888 Executive Chairman Brian Mattingley said, "As a result of the continued trading momentum in the second half of the year, the board anticipates that adjusted EBITDA for the period will be at the top end of the range of analysts' current forecasts."

"Building on our very encouraging first-half performance, 888 has continued to trade well through the second half of the year, driven by notably strong performances in casino and sport. Underpinned by our quality brands, leading technology and CRM expertise, 888 remains very well positioned to deliver long-term sustainable growth."

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