7th January 2020 | By contenteditor Subscribe to the iGaming newsletter 888 set to hit 2019 targets after strong finish to year 888 Holdings has said it is on track to achieve adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in line with expectations for 2019, after the online gaming operator was boosted by a record revenue performance in December. Email Address 888 Holdings has said it is on track to achieve adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in line with expectations for 2019, after the online gaming operator was boosted by a record revenue performance in December.Although the operator did not publish any figures, it said in a post-close trading update that its performance during the 12 months to 31 December, 2019 was underpinned by ongoing success with its Orbit casino platform and further growth in sports betting.In terms of casino, 888 said though poker remained challenging over the past year, it was pleased with the first-phase roll out of its new Poker 8 poker platform in the second half of the year.888 plans to add a number of new product features to the platform in 2020, as well as rolling out the final-phase platform across all poker markets.Focusing on geographical performance, 888 said that it continued to increase revenue in the UK as a result of efforts to engage with recreational customers. In Italy, 888 saw further growth during the second half of the year, primarily due to the continued success of its casino business.For the Spanish market, 888 noted that the launch of competitors’ shared poker liquidity networks between Spain, Portugal and France impacted revenue in the country. However the operator said it was encouraged by the early performance of its shared liquidity network between Portugal and Spain, which launched in July.In addition, 888 highlighted continued progress in the Swedish and Romanian regulated markets throughout the past year, resulting in the percentage of revenue generated from regulated markets increasing year-on-year.“The group has delivered solid progress in the second half of the financial year underpinned by continued momentum in casino and sport,” 888 chief executive Itai Pazner said. “We are very encouraged by the growth in new customers during 2019 with a record of more than one million new customers signing up to 888’s brands during the year.”Following the acquisition of Irish sports betting operator Betbright in March, Pazner added that the operator will continue to invest to support its long-term growth plans.“The post-merger integration plan is progressing in line with expectations and 888 remains on track to launch its first proprietary sport product during the first half of 2020,” he said. “New product development has remained a key focus and competitive advantage for 888 and the success of our Orbit platform across multiple regulated markets during 2019 has been a major achievement for the group.“We have delivered a strong recovery in our UK business underpinned by a clear and unwavering focus on entertaining recreational customers in a safe and secure environment. Continuous investment in further enhancing responsible gaming processes and tools across all markets will remain a key focus for the group.“888 has entered 2020 with good momentum across several regulated European markets and, underpinned by further investment in our team, marketing and product development, we remain focused on achieving further progress in the US.” Topics: Casino & games Finance Sports betting Strategy Poker Tags: Card Rooms and Poker Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter
Abstract: over the past year, Chen Yizhou and Lei Jun met several times in Wuhan University Department of computer they have done half of the students. Maybe he wanted to copy the Lei then mode: to do a few years to find suitable investment horizons, then run up their runway.
if you can travel through time and space, ChinaRen founder Chen Yizhou met Renren CEO Chen Yizhou, he will ask what the backward
, tell me what you’ve got. I promise I won’t step on it." Chen Yizhou laughed.
if Chen Yizhou met today ChinaRen founder of the, will tell the latter what?
you do things like QQ, do not do anything else, but do not buy it Tencent stock."
may think this is too utilitarian, Chen Yizhou said sternly, "may say more philosophy: don’t work all day, take two hours every day, pondering is doing things that are not your work."
over the years, Chen Yizhou undoubtedly stepped on a lot of pits, or, you can say he missed too many opportunities. Every time he saw the trend ahead of time, but always fell on the halfway. Do ChinaRen, did not keep up with the capital chain, the results had to be sold to Sohu. Do many sites: DuDu, UUme, Donews, mop.com, 56, glutinous rice…… Contains the following concepts: download, community, games, news, video, buy…… A most lively return of silence, finally, 56 sold to the Sohu, sold to Baidu glutinous rice.
, however, the best opportunity for Chen Yizhou to seize. In 2006, he took advantage of the capital advantage of the successful merger of the school network, and its similar sites with the transformation of China’s largest real name SNS website renren. Two years later, his company received $430 million in funding, including $384 million from Softbank especially. To know that Ma only got $60 million from Sun Zhengyi.
2011, everyone will, renren.com all games, rice, etc. graticule packing, known as "Facebook (community) +Zynga (game) +Groupon (group purchase) +LinkedIn (workplace social) mode in a body, listed on the New York stock exchange, the market value of $7 billion 120 million, second only to Baidu in the China Internet Corporation Tencent, Sina, then listed on the Hongkong stock exchange is a leading Alibaba. The shareholding ratio of 22.8% Chen Yizhou $1 billion 620 million.
however, 4 years later, everyone did not become China’s Facebook. Decline in performance, so that its share price fell to about $4. In June 2015, Chen Yizhou and COO issued a non binding privatization offer to everyone