|Bid||238.00 x 284100|
|Ask||300.00 x 109300|
|Day's range||273.00 - 279.60|
|52-week range||238.00 - 309.20|
|PE ratio (TTM)||82.06|
|Earnings date||19 Mar 2018 - 23 Mar 2018|
|Forward dividend & yield||0.07 (2.67%)|
|1y target est||4.33|
British online gaming company 888 Holdings hinted it could quit Germany where tighter regulations threaten its operations and a tax liability nearly halved its 2017 core earnings. Its share price was down ...
British online gaming company 888 Holdings posted a rise in annual core earnings of 12 percent on Tuesday and said its trading so far this year was in line with its expectations, with average daily revenue 6 percent above the previous year. The group, which operates 888 casino, poker, sport and bingo brands, reported core earnings of $100.7 million on revenue of $541.8 million, up 4 percent.
Online gambling firm GVC Holdings (Frankfurt: 6GI.F - news) , which has expanded rapidly through a series of deals, will sit out any further consolidation in the British industry, its head told Reuters. GVC, which has agreed to take over leading British bookmaker Ladbrokes Coral (LSE: LAD.L - news) for up to 4 billion pounds ($5.5 billion), said net gaming revenue rose 17 percent in 2017, helped by gains from the bwin.party businesses it bought three years ago. Merger activity in the British gambling market has gained pace as companies bulk up in response to higher tax bills and tighter regulations and GVC has been at the forefront.
Britain's top share index slipped on Tuesday as financials fell amid lingering jitters over the North Korean crisis. While investors were in no mood for a sell-off, caution was still very much present. ...
The group, which operates 888 casino, poker, sport and bingo brands, reported a loss before tax of $17.3 million for the six months, reversing from a profit of $27.8 million last year. The company took an exceptional charge of $50.8 million, including a $45.3 million charge related to potential value added tax (VAT) on services in Germany prior to 2015. "Whilst the industry will continue to face regulatory headwinds in the second half of the year..., trading in Q3 has started well and in line with the board's expectations." Chief (Taiwan OTC: 3345.TWO - news) Executive Itai Frieberger said in a statement.
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.
British online betting company 888 Holdings was fined a record 7.8 million pounds ($10 million) on Thursday for failing to protect vulnerable customers from addictive gambling. Britain's Gambling Commission said that a technical glitch in 888's system allowed more than 7,000 customers between October 2015 and September 2016 to keep accessing one of 888's platforms, and deposit 3.5 million pounds, even though they had chosen to be excluded from it. The issue went undetected for a "prolonged period of time" during which those customers were able to gamble 50.6 million pounds in total, using deposits and recycled winnings, the commission said.