888 to Delay Publication of its Full-year 2019 Results

888 Holdings, the Gibraltar-based online gambling operator, is set to delay the publication of its full-year 2019 results following a request by the Financial Conduct Authority (FCA) for all listed firms to put a two-week break on publishing due to the coronavirus crisis. The operator will confirm a new date for the publication of its results, subject to FCA approval.

888 is following all government and local health organisation guidelines to keep its team safe and healthy. While it is unclear how this fast-moving situation will evolve over the coming months, the postponement and cancellation of sporting events will impact 888’s sport vertical, which accounted for 16% of its revenue in 2019.

“There is currently evidence of increased customer activity in the group’s casino and poker products that might, in part, compensate for the sports betting disruption for a period of time. However, in the event of a prolonged period of global macro-economic uncertainty, it is possible that consumer spending across the group’s online gaming product verticals may also become impacted,” 888 noted in its press release.