Gambling operator 888 says it has played its cards right
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Punters who like a flutter with 888 Holdings might do better to use their cash to buy shares in the online gambling operator, given its recent winning streak.
The shares, which have more than doubled since this time last year, rose a further 14½p, or 3.5 per cent, to 422p yesterday after confirmation that the company’s full-year performance would be “slightly ahead of its prior expectations”.
Before yesterday’s interim results, the consensus forecast for adjusted underlying earnings for the full year had been $156 million, although now that has risen to $165 million after the latest in a series of upgrades.
Revenues in the first half leapt by 39 per cent to $528.4 million, while underlying earnings also rose by 39 per cent, reaching $97.4
