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888 Seeks to Cut Costs Despite Q1 Revenue Growth

28th April 2010 8:08 am GMT

888 Holdings plc said Wednesday that it will be taking a prudent and pragmatic view of current trading and embark on a cost cutting exercise across the group, despite posting a 21% increase in total operating income to US$69 million for the first quarter of 2009.

888's consumer-facing business saw total operating income (TOI) increase by 30 per cent year-on-year to $59 million in the first quarter with strong growth from the company's casino and emerging [...]

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