The Freeland File
Aerospace & Defense
Global Market Data
Lucy P. Marcus
The Great Debate
Macro & Markets
Lipper Awards 2012
Personal Finance Video
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
A look at the energy policy positions of President Obama and his Republican challenger Mitt Romney. Slideshow
Relics of the Cuban Missile Crisis
Deactivated Cold-War missiles on display in Havana. Slideshow
These drones play catch
Quadrocopters that can play catch with each other are providing a glimpse at the future of coordinated drone technology. Video
Apple sets special event for October 23
Dolphins use sponges to catch fish
Pharmacy group helped kill plan for oversight
Obama takes offensive against Romney in debate rematch
UPDATE 1-Obama takes Romney to task on Libya in smack-down moment
Obama's strong pitch to women prompts Romney stumble
Canadian border officer shot at main Washington state crossing
16 Oct 2012
Bristol Palin booted off "Dancing With the Stars"
Democrats frustrated by Obama’s ”Big Bird” campaign turn
Biden and Ryan in high-stakes election debate
Jobless claims fall to lowest in four and a half years
888 sees year earnings ahead of market view
Wed Oct 17, 2012 2:31am EDT
LONDON (Reuters) - British online gaming company 888 Holdings said it expects its full year earnings to come in well ahead of market expectations, after a strong third quarter result.
The group, which operates 888 casino, poker, sport and bingo brands, on Wednesday said group revenue rose 7 percent to $92 million in the three months to the end of September, helped by its increasingly popular poker games.
"The final quarter has started positively with average daily revenues more than 7 percent ahead of the strong fourth quarter in 2011," said 888 chief executive Brian Mattingley.
"A disciplined approach to our costs, and our analytics driven marketing spend proving highly efficient, means we now expect our earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the full year to be significantly ahead of current market expectations."
The company is expected to report an average EBITDA of $59.3 million for 2012, according to a Thomson Reuters I/B/E/S poll of 10 analysts.
888 said it had 12.5 million casino, poker and sport registered customer accounts by the end of September, up 24 percent on the same time last year.
(Reporting by Rhys Jones; Editing by Neil Maidment)
Related Quotes and News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Be the first to comment on reuters.com.
Add yours using the box above.
Back to top
New York Legal
Support & Contact
Connect with Reuters
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
About Thomson Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.