888 is to redirect the resources used for launching operations in the US last year to further develop its core products and markets over the course in 2014, with a clear focus on mobile development.
In its full year results released this morning, 888 chief executive Brian Mattingley said that the company had “firmly cemented” its strategy in regulated US markets. He said there was “undoubtedly appetite” for further regulation, adding that 888 would monitor these markets closely.
He noted that the company’s joint venture with Avenue Capital Group allowed the company’s US operations to make a positive contribution to group revenue at a time when other companies were seeing a negative contribution.
This, Mattingley explained, limited the company’s capital requirements and gave 888 the flexibility and financial means to launch in more newly-regulated markets.
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