888 Holdings confident in H2 trading update

The Gibraltar-based online gambling group 888 Holdings has issued a pre-close trading update ahead of posting preliminary full year 2015 results, expressing confidence that the year’s performance will meet high expectations in the market.

The company said that following strong first half results its divisions have continued to deliver a very encouraging performance in line with the board of directors’ expectations.

“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,” said Brian Mattingley, executive chairman.

“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.”