US still offers âtremendous opportunitiesâ, says 888
Operator remains bullish on US market despite revenues falling 12% year–on–year to $48.5mÂ
888 Holdingâs US revenues fell 12% to $48.5m during FY15 but the firm said the market still presented âtremendous opportunitiesâ for the operator. [private]
Revenues included contributions from its regulated operations in Nevada, Delaware and New Jersey, and other unlicensed activity in markets such as Central and South America.
888 is the only operator live in all three regulated states, and powers the platform for Caesars Interactiveâs online casino and poker sites in Nevada and New Jersey.
The firm noted that no significant legislative progress was made during the year, despite bills advancing in California and Pennsylvania.
888 said state legislatures had focused on clarifying the legal status of daily fantasy sports which the operator believes will help drive discussions around legalized online sports betting.
â888 continues to closely monitor discussions and initiatives in the various jurisdictions, with the knowledge that positive developments in these large-scale markets could present tremendous opportunities for 888,â the firm said in a statement.
888 Holdingâs group revenues increased 2% YoY to $462.1m, however EBITDA fell 40% to $59.4m due to the introduction of new gaming duties in some European markets.