2017 met trading expectations of 888

888 assured investors, saying that its revenue for 2017 will meet market expectations after a strong H2 result by their betting and casino.

The gambling operator said that it is well positioned, despite the strengthening of regulation, first of all in the UK, and a strategic decision to exit five markets, comprising Australia and Poland.

888 published the trading news on Thursday, three months after informing about a pre-tax loss of $ 17.3 million in the beginning of 2017, despite a 9 percent jump in earnings.

888 is going to publish its results for 2017 in March next year.

The group told that business had been caused by further progress in the activity in casino, a strong impulse with 888Sport, increase in mobile activity and the continuing expansion of the markets of continental Europe that are regulated like in Italy and Spain. “888 continues to develop the positions in the European regulated regions, further diversified the business and kept a strong orientation on the increase in operational efficiency,” Itai Frieberger, the executive director, told.

“The main attention in 2017 has been paid to providing that 888 is in the lead in respect of observance and responsibility.” “It is a continuous process of constant improvement, and I am sure that 888 has good positions as the regulatory focus on the industry continues to become more and more intense, especially in Great Britain”.

888 appeared in red in the first half of this year after it was struck for $50,8 million over a $7.8 million ($10 million/€8,5 million) fine in Great Britain for the fact that they couldn’t protect vulnerable clients and a tax bill in Germany. Friberger characterized 888 as a flexible business with enterprise culture and team, whichwas able to adapt to opportunities and challenges throughout 2017 successfully.

He also told, “Our progress has been supported with the help of proprietary technologies of 888 and also the main experience of the group in the field of CRM, marketing and business analytics.”

“Thanks to these qualities, 888 remainswell positioned for future growth”.