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888 hails operational progress as increased taxes halve profits

22nd March 2016 8:58 am GMT
888 Holdings

London-listed 888 Holdings has reported a 2 per cent increase in total revenue to US$462.1m for 2015, although profit for the year halved following the impact of higher taxes in Europe and retroactive duties relating to Austria and Romania.

Revenue from the company’s B2C operations grew 6 per cent to $412.5m, with growth from online casino and emerging offerings helping to offset a decline in poker and bingo.

Adjusted EBITDA fell by [...]

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