More Success for 888 as Per Trading Update

Published December 18, 2015 by Lee R

More Success for 888 as Per Trading Update

Companies such as 888 are becoming more effective in managing costs to achieve success.

The full extent of 2015 success for 888 continues to be revealed. 

Encouraging Performance

The online gaming operator has reported the sustenance of “very encouraging performance” during the second half of 2015 consistent with expectations. 
A pre-close trading update reveals that continued trading momentum is primarily responsible for the boost in results. The reasons for the momentum appear the result of a combination of a strong performance in specific verticals and an effective organizational management approach. 

Board Optimism

Specific optimism on the part of the company board comes from anticipation of improvement in the areas in the areas of earnings before interest, tax, depreciation and amortisation (EBITDA) which will show ascendancy to the top end of forecasts.

Strategy 

Executive Chairman at 888 Brian Mattingley pointed out how strong performances in casino and sport provided momentum for the company to build on first half performance through the second half of the year.

Mattingley identified key factors for his company's success as quality branding, leading technology and CRM expertise “which has positioned 888 to deliver long term sustainable growth.”

Hedging with EBITDA 

Interestingly enough, the update is reported on the heels of a revenue drop for 888 in the first half of the year, against which 888 still posted an increase in EBITDA, demonstrating how effective management of operations can improve a company's fortunes even while struggling to gain a foothold in whatever environment they are operating in.

Taking into account the relative volatility of a market where emerging countries are learning to regulate and prominent ones are still developing and adapting effective regulation models, the internal corporate operations of iGaming companies also has to have adaptive management techniques to protect themselves from fluctuations and diversity of conditions into which they enter. 

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See also

Statistics of Success: 888 Casino's 2013 Infographics

How to Find the Top Forex Trading Sites

Playtech Treads on Trading to Navigate Corona Quarter, but do all Suppliers Have the Same Flotation Power?

LeoVegas Begins Trading on Nasdaq First North Premier

Gambling Legal Update at 2010 LAC


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