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888 Holdings revenue up 3 pct on casino, sports betting

Reuters - UK Focus

Sept 5 (Reuters) - British online gaming company 888 Holdings posted a 9 percent rise in first-half revenue on the strength of its casino and sports betting business.

The group, which operates 888 casino, poker, sport and bingo brands, said revenue for the six months to June 30 rose 3 percent to $270.1 million from $262 million last year.

Revenue at its casino and sports divisions rose 11 percent and 35 percent respectively with the latter performing strongly in Italy.

However, the company swung to a pretax loss of $17.3 million from a profit of $27.8 million last year on exceptional charges of $50.8 million, including a settlement with the UK Gambling Commission. (Reporting by Rahul B in Bengaluru; editing by Jason Neely)