888 Holdings has recorded a 5 per cent drop in net profit for the first half of 2014, with higher expenses and a loss from its share of the US joint venture offsetting another record revenue performance driven by growth across its B2C and B2B businesses.
888 CEO Brian Mattingly said that the company delivered growth across all key product verticals, with casino the standout performer delivering another period of double-digit growth.
“We are delighted by the turnaround of our improved bingo business and 888sport has delivered an outstanding performance by more than doubling revenue year on year reflecting the strength of our re-launched offer,” said Mattingly, who will become executive chairman of the company following Richard Kilsby’s retirement next year.
