London-listed 888 Holdings has reported a net loss of US$17.9m for the first half of 2017, after incurring exceptional charges of $50.8m relating to historical VAT matters in Germany and last week’s UK Gambling Commission settlement.

Revenue increased by 3 per cent to a record $270.1m in H1, but rose by 9 per cent on a constant currency basis following continued strong growth from its B2C business.

Chief executive Itai Frieberger said that the revenue performance was a “pleasing outcome” and was achieved despite adverse currency movements and the exit from several markets including Australia and Poland.

Premium subscribers continue here to the full article.

Related