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23 Jun, 2022 07:40

Interim revenues on track at 888

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888 HoldingsCompany photo / 888

Gambling and gaming group 888 Holdings said on Thursday that it expects interim revenues to be "broadly" in line with expectations.

The Gibraltar-based firm, which is in the process of acquiring William Hill, said revenues were likely to come in between £330m and £335m for the six months to 30 June.

The figure was "broadly in line with board expectations", it noted, with growth in some European markets offset by the impact of safer gambling measures and 888’s temporary exit from the Netherlands.

Willian Hill’s revenues in the 26 weeks to 28 June are expected to be between £620m and £630m. The bookmaker has been boosted by the reopening of retail operations, although 888 Holdings noted it had also been impacted by safer gambling measures.

888 agreed to buy William Hill’s non-US assets from American giant Caesars Entertainment last year. The deal, which is set to close on 1 July, is worth between £1.95bn and £2.05bn

William Hill has around 1,400 betting shops in the UK as well as various online brands.


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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.