London-listed betting and gaming operator 888 Holdings has reported a 2 per cent increase in group revenue for the 20-week period ended 18 May, benefiting from a significant rise in first time depositors during the period.

The company described the period as an encouraging start to the financial year, with like-for-like revenue up 6 per cent year-on-year at constant currency and after adjusting for the migration of Cashcade Bingo, as well as the acquisitions of Costa Bingo and the All American Poker Network (AAPN).

Revenue growth was underpinned by increased marketing investment and the release of 888’s Orbit casino platform, which together have driven new customer acquisition up by 20 per cent year-on-year.

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