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888 Holdings PLC (888.L)

888.L on London Stock Exchange

154.40GBp
10:54am EDT
Change (% chg)

-1.90 (-1.22%)
Prev Close
156.30
Open
158.00
Day's High
158.00
Day's Low
153.90
Volume
707,233
Avg. Vol
1,078,015
52-wk High
287.00
52-wk Low
126.70

Latest Key Developments (Source: Significant Developments)

888 Says Poker Remained Challenging, First Time Depositors Across B2C Business Rises
Tuesday, 4 Jun 2019 02:05am EDT 

June 4 (Reuters) - 888 Holdings PLC <888.L>::POKER HAS REMAINED CHALLENGING, BUT CO SEES AN IMPROVING REVENUE TREND IN Q1 2019 AGAINST Q4 2018.CO "ENCOURAGED" BY A 20% INCREASE IN FIRST TIME DEPOSITORS ACROSS GROUP'S B2C BUSINESS FROM JANUARY TO 18 MAY.  Full Article

888 Says "Confident" Outcome For FY Will Be In Line With Its Expectations
Tuesday, 4 Jun 2019 02:00am EDT 

June 4 (Reuters) - 888 Holdings PLC <888.L>::TRADING UPDATE AND CAPITAL MARKETS EVENT.DURING PERIOD, GROUP REVENUE INCREASED BY 6% ON A LIKE FOR LIKE BASIS.STRONG MOMENTUM HAS CONTINUED ACROSS A NUMBER OF GLOBAL REGULATED MARKETS DRIVEN BY SPORT (29% INCREASE) AND CASINO (13% INCREASE).BINGO PERFORMANCE WAS FLAT AND CHALLENGING POKER FELL 28% IN CONTINUED TO ACHIEVE ENCOURAGING GROWTH DURING PERIOD IN UK MARKET WITH REVENUE INCREASING BY 18% ON A LIKE-FOR-LIKE BASIS IN PERIOD.VAST MAJORITY OF UK REVENUE HAS BEEN GENERATED BY RECREATIONAL CUSTOMERS.BOARD REMAINS CONFIDENT THAT OUTCOME FOR FULL YEAR WILL BE IN LINE WITH ITS EXPECTATIONS.WHILST POKER HAS REMAINED CHALLENGING, WE WERE PLEASED TO SEE AN IMPROVING REVENUE TREND IN Q1 2019 AGAINST Q4 2018.  Full Article

JPJ Group Completes Sale Of Mandalay Operating Business For 18 Mln Stg
Tuesday, 12 Mar 2019 11:08am EDT 

March 12 (Reuters) - JPJ Group PLC ::JPJ GROUP PLC - COMPLETION OF SALE OF MANDALAY.JPJ GROUP PLC - COMPLETED SALE OF ITS MANDALAY OPERATING BUSINESS TO A SUBSIDIARY OF 888 HOLDINGS PLC FOR £18 MILLION.  Full Article

888 FY Rev Lower, Says Established Server Farm In Ireland As Brexit Contingency
Tuesday, 12 Mar 2019 03:02am EDT 

March 12 (Reuters) - 888 Holdings PLC <888.L>::FINAL RESULTS.FY GROUP REVENUE DECREASED BY 2% TO US$529.9 MILLION (2017: US$541.8 MILLION).FY B2C POKER REVENUE DECREASED BY 37% TO US$49.0 MILLION (2017: US$77.9 MILLION).FY B2C BINGO REVENUE DECREASED BY 17% TO US$32.4 MILLION (2017: US$39.3 MILLION) REFLECTING HEIGHTENED REGULATORY SCRUTINY IN UK.FY ADJUSTED PROFIT BEFORE TAX( INCREASED BY 11% TO US$86.7 MILLION (2017: US$78.3 MILLION).FY PROFIT BEFORE TAX WAS US$108.7 MILLION (2017: US$18.8 MILLION).FINAL FY DIVIDEND OF 6.0¢ PER SHARE.POSITIVE MOMENTUM AT END OF 2018 HAS CONTINUED INTO Q1 OF 2019.IN UK, WE ARE ENCOURAGED BY IMPROVING TRENDS WE BEGAN TO WITNESS IN LATTER STAGES OF 2018.BOARD IS PLEASED TO REPORT THAT IMPROVING TRENDS IN UK HAVE CONTINUED DURING Q1 OF CURRENT FINANCIAL YEAR.AVERAGE DAILY REVENUE AT CONSTANT CURRENCY IN OUR UK B2C BUSINESS UP BY MORE THAN 10% YEAR-ON-YEAR IN Q1 SO FAR.GROUP TRADING DURING FINANCIAL YEAR TO DATE IS 5% HIGHER AT CONSTANT CURRENCY YEAR ON-YEAR.CONTINUES TO SEE A NUMBER OF SIGNIFICANT GROWTH OPPORTUNITIES FOR 888 IN BOTH NEW AND EXISTING MARKETS.STATUS OF GIBRALTAR AS A RESULT OF "BREXIT" REMAINS UNCLEAR.BREXIT-RELATED RISKS È INCREASED DURING 2018-19.MAY BECOME INELIGIBLE TO CONTINUE TO HOLD REGULATORY LICENSES IN CERTAIN EU JURISDICTIONS POST BREXIT.888 CONTINUES TO ENGAGE WITH TAX AUTHORITIES AND OBTAIN LEGAL ADVICE IN ORDER TO REGULARISE ITS TAX POSITION AND MITIGATE EXPOSURES.  Full Article

888 Buys BetBright's Sports Betting Platform For 15 Mln Stg
Monday, 4 Mar 2019 02:00am EST 

March 4 (Reuters) - 888 Holdings PLC <888.L>::888 ACQUIRES BETBRIGHT'S SPORTS BETTING PLATFORM.PROPOSED DEAL FOR £15 MILLION..888 ACQUIRES BETBRIGHT'S SPORTS BETTING PLATFORM FOR £15 MILLION.AS PART OF ACQUISITION, BETBRIGHT'S DUBLIN OFFICE WILL BE INTEGRATED INTO GROUP.  Full Article

888 Holdings Appoints Itai Pazner As CEO
Thursday, 24 Jan 2019 02:00am EST 

Jan 24 (Reuters) - 888 Holdings PLC <888.L>::ITAI PAZNER, PREVIOUSLY CHIEF OPERATING OFFICER, HAS TODAY BEEN APPOINTED AS 888'S NEW CHIEF EXECUTIVE OFFICER.ITAI FRIEBERGER WILL REMAIN AS A DIRECTOR OF GROUP FOR A PERIOD OF UP TO 12 MONTHS.  Full Article

888 Holdings Secures Swedish Online Gambling Licence
Thursday, 20 Dec 2018 10:25am EST 

Dec 20 (Reuters) - 888 Holdings PLC <888.L>::888 SECURES SWEDISH ONLINE GAMBLING LICENCE.AWARDED A LICENCE BY SWEDISH GAMBLING AUTHORITY TO PROVIDE ONLINE CASINO, SPORT AND POKER SERVICES IN SWEDEN.LICENCE GRANTED FOR FIVE-YEAR PERIOD AND WILL BE EFFECTIVE FROM WHEN NEW REGULATED SWEDISH REGIME COMMENCES ON 1 JANUARY 2019.  Full Article

888 Says Confident FY Profit Outlook To Be In Line With Market Expectations
Thursday, 27 Sep 2018 02:01am EDT 

Sept 27 (Reuters) - 888 Holdings PLC <888.L>::H1 ADJUSTED EBITDA ROSE 10 PERCENT TO 52.4 MILLION USD.H1 REVENUE ROSE 1 PERCENT TO 273.2 MILLION USD.INTERIM DIVIDEND OF 4.2¢ PER SHARE (H1 2017: 4.0¢ PER SHARE).RELEASE OF AN EXCEPTIONAL PROVISION OF US$22.4 MILLION IN RESPECT OF A LEGACY VAT MATTER IN GERMANY.SAYS HY ADJUSTED BASIC EARNINGS PER SHARE INCREASED BY 2% TO 10.5¢ (H1 2017: 10.3¢).SAYS HY BASIC EARNINGS PER SHARE INCREASED TO 15.4¢ (H1 2017: LOSS PER SHARE OF 5.0¢).TRADING DURING SECOND HALF OF FINANCIAL YEAR TO DATE HAS BEEN IN LINE WITH BOARD'S EXPECTATIONS.REMAINS CONFIDENT THAT PROFIT OUTLOOK FOR FULL YEAR WILL BE IN LINE WITH MARKET EXPECTATIONS.  Full Article

Telit Communications says in talks to appoint Richard Kilsby as chairman​
Monday, 13 Nov 2017 02:00am EST 

Nov 13 (Reuters) - Telit Communications Plc :TELIT COMMUNICATIONS PLC - ‍CONFIRMS THAT IT IS IN DISCUSSIONS WITH RICHARD KILSBY REGARDING HIS POSSIBLE APPOINTMENT AS CHAIRMAN​.  Full Article