Pre-Close Trading Update

RNS Number : 1997U

888 Holdings plc

19 December 2011

 



19 December 2011                                                                           

888 Holdings Public Limited Company

("888" or "the Group")

Pre-Close Trading Update

888, one of the world's most popular online gaming entertainment and solutions providers, is pleased to provide the following pre-close trading update ahead of the year ending 31^st December 2011.

Further to the Q3 KPIs and Interim Management Statement announced on 1^st November, trading remains very strong especially in casino and poker. 888 therefore expects clean EBIDTA for the year ending 31^st December 2011 to be significantly ahead of market expectations.

2012 is set to be a year of major opportunity for 888, with the opening of several newly-regulated markets across Europe. The Group intends to invest in these markets in order to establish and build market share. This significant strategic investment, along with the increases in gaming duty, will have an impact on the Group's profit expectations, however the Board still expects results for the year ending 31^st December 2012 to be slightly ahead of current market expectations.

Analyst and Investor Conference Call

There will be an analyst and investor conference call at 10:30am (GMT) today.

Dial-in number:	[phone]
Passcode:	5489132
Replay number:	[phone]
Replay passcode:	5489132

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Contacts and enquiries

888
Brian Mattingley, Deputy Chairman	[phone]
Aviad Kobrine, Chief Financial Officer	[phone]
M:Communications
Ann-marie Wilkinson/Andrew Benbow	[phone]

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement reflect 888's view with respect to future events as at the date of this announcement. Save as required by law or by the Listing Rules of the UK Listing Authority, 888 undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.

 

END

 

 

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