Business
Post Close Trading Update
Post Close Trading Update.
About this update from Evoke Plc
[{"type":"text","content":"\n \nRNS Number : 9092Y 888 Holdings plc 07 January 2020 \n\n7thJanuary 2020\n \n \n888 Holdings Public Limited Company \n(\"888\" or \"the Group\")\n\nPost Close Trading Update\n \n888, one of the world's most popular online gaming entertainment and solutions providers, today reports a post-close trading update in respect of its Full Year results for the year ended 31 December 2019 (the \"Period\").\n \nAs a result of 888's continued progress during the second half of the financial year culminating in December's revenue at an all-time monthly record, the Board remains confident of achieving an adjusted EBITDA outcome for the Period in-line with its expectations.\n \n888's performance has been underpinned by the continued success of the Group's Orbit casino platform across a number of regulated markets as well as further good revenue growth in Sport. \n \nPoker has remained a challenging market for 888. However, the Group has been pleased by progress made in the first-phase roll out of its new poker platform, Poker 8, which took place during the second half of the year. The Group is looking forward to adding a number of exciting new product features and rolling out the final-phase platform across the Group's poker markets during 2020.\n \nIn the UK, the Group has continued to increase revenue reflecting its sustained focus on engaging with and entertaining recreational customers. In Italy, the Group has continued to perform well during the second half of the year delivering further growth driven mainly by the continued success of Casino. As reported in the Group's Half Year results, revenue from Spain during the Period was impacted by the launch of competitors' shared poker liquidity networks between Spain, Portugal and France. The Group has been encouraged by the early performance of its shared liquidity network between Portugal and Spain, which launched in July, as well as by continued progress in the Swedish and Romanian regulated markets throughout the Period.\n \nIn line with 888's strategic focus, the proportion of Group revenue generated from regulated markets has increased year-on-year.\n \n Itai Pazner, Chief Executive Officer of 888, said:\n \n\"The Group has delivered solid progress in the second half of the financial year underpinned by continued momentum i...