Interim revenues on track at 888
By Abigail Townsend
Date: Thursday 23 Jun 2022
(Sharecast News) - Gambling and gaming group 888 Holdings said on Thursday that it expects interim revenues to be "broadly" in line with expectations.
The Gibraltar-based firm, which is in the process of acquiring William Hill, said revenues were likely to come in between £330m and £335m for the six months to 30 June.
The figure was "broadly in line with board expectations", it noted, with growth in some European markets offset by the impact of safer gambling measures and 888's temporary exit from the Netherlands.
Willian Hill's revenues in the 26 weeks to 28 June are expected to be between £620m and £630m. The bookmaker has been boosted by the reopening of retail operations, although 888 Holdings noted it had also been impacted by safer gambling measures.
888 agreed to buy William Hill's non-US assets from American giant Caesars Entertainment last year. The deal, which is set to close on 1 July, is worth between £1.95bn and £2.05bn
William Hill has around 1,400 betting shops in the UK as well as various online brands.
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