New 888 chief exec Itai Frieberger suggested it had been a \u201cvery successful year\u201d for the company, one of \u201cexcellent operational momentum.\u201d<\/p>\n
\u201cThis strong performance reflects the continued execution of our focused growth strategy as well as the quality of our brands, best-in-class technology and CRM expertise and was achieved despite the significant external challenges that impacted the online gaming industry and our profitability,\u201d he said in an official press release.<\/p>\n
\u201cThese challenges, like VAT, Point of Consumption, etc., what they do is actually make us better as we need to work harder, we need to be more efficient, and we need to be more innovative in order to continue to be competitive in the marketplace.\u201d<\/p><\/blockquote>\n
888 said that average daily revenue of the first few months of 2016 was up 20 percent on the corresponding period a year ago. Shares in the company had risen by 3.58 percent at the close of trading on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"
Online gaming operator 888 is in robust health, despite increased tax burdens across Europe, adverse foreign exchange rates, and an expensive and ultimately fruitless takeover bid for bwin.party in 2015. That\u2019s according to the company\u2019s annual financial results, published Tuesday. The operator reported strong revenue growth for year ending December 31, 2015, although profits had […]<\/p>\n","protected":false},"author":42,"featured_media":34626,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19],"tags":[],"acf":[],"yoast_head":"\n
888 Reports Growth, But Profits Hurt by Taxes and Failed Bwin Bid<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n