StockMarketWire.com - Online gaming entertainment provider 888 reported a rise in like-for-like revenue underpinned by increased marketing investment and the launch of the its 'Orbit' casino platform.

From 1 January to 18 May 2019, The group had continued to achieve 'encouraging growth' in the UK market with revenue increasing by 18% on a like-for-like basis, 8% on a reported basis.

The vast majority of UK revenue had been generated by recreational customers, the company said.

Underpinned by this 'encouraging' start to the financial year, the board remained 'confident' that the outcome for the full year would be in line with its expectations, 888 said.

'888 has enjoyed a solid start to the year with strong momentum in Casino and Sport across a number of the Group's major regulated markets. Whilst Poker has remained challenging, we were pleased to see an improving revenue trend in Q1 2019 against Q4 2018,' said Itai Pazner, CEO of 888.

'In addition, we are very encouraged by a 20% increase in first time depositors across the Group's B2C business in the Period; this reflects 888's outstanding marketing capabilities and is a key indicator of our growth prospects.'




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