![]() Nevertheless, 888 said that ebitda (earnings before interest, taxation, depreciation and amortisation) for the year was set to be below expectations.Ĩ88's executive chair Lord Mendelsohn said: "We are making significant strides to improve the quality and long-term sustainability of our revenues, but performance in the third quarter has been below our expectations, and this means we now expect to end the year with ebitda below our prior expectation. The company said it continued to drive double-digit growth in active customer numbers, while William Hill's betting shop estate was said to be performing strongly. The news follows this week's announcement by Ladbrokes and Coral owner Entain that its revenue performance had been softer than expected since the summer.Ĩ88 said the performance of the group had been "mixed", with issues including customer-friendly sports results in September and the "ongoing impact" of safer gambling changes within the UK driving the year-on-year decline in revenue. William Hill's owner 888 has become the latest gambling operator to warn the City that its revenue has been hit by sports results in September and safer gambling measures in the UK.Ĩ88's share price was down around 14 per cent at 95p on Thursday morning after the company's trading update, which revealed that overall revenue for the third quarter of the year was expected to be down ten per cent to around £400 million.
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