Gambling firm 888 warns of profit hit from virus-related sports disruptions

© Reuters.

(Reuters) - Online gambling firm 888 Holdings said on Tuesday its 2020 core profit could be impacted by high single-digit millions of dollars if the global sporting events continued to be disrupted until September because of the coronavirus pandemic.

The company also said more people were playing casino and poker, with its customer facing business recording a 20% jump in customer acquisition year to date, as they remained holed up in their homes because of the fast-spreading virus.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let's block ads! (Why?)

from Poker