BUSINESS

Perform posts impressive results; 888 sees reshuffle

TAGs: 888 Holdings, Perform

Perform release resultsSports betting content provider Perform have reported their first results since joining the IPO gang and showed a 51% rise in revenue upon release earlier today. Revenue rose to £21.7m in the first quarter as they look to get up to the higher end of the original stock market estimate for their share price that was 260p.

Oliver Slipper, the group’s joint chief executive, commented, “This is our first trading update since listing and we are delighted to report an excellent start to the year, with continued strong growth across all our businesses and geographies.

“We have signed up new partners, added further sporting content and broadened our reach, attracting on average over 100 million monthly sports fans to our various products and services.”

After dipping to as low as 202p in early April the share have recovered recently and at the time of writing they stood at 228p.

Elsewhere, 888 Holdings has made a number of drastic changes to their management team including the immediate departure of two senior executives. According to eGaming Review, an internal memo suggests that CEO of Dragonfish, David Zerah, and Adi Soffer-Te’eni, the B2C managing director, have decided to “seek other opportunities.”

The memo states that 888’s senior independent non-executive director, Brian Mattingley, addressed all staff earlier today during which he announced the personnel changes. Yaniv Schwartz who will be promoted to senior vice president at Dragonfish will replace Zerah.

According to eGR, the other personnel changes include:

• Aviad Kobrine will continue in his role as board member and as the company’s chief financial officer, reporting to the CEO and in charge of all financial aspects of the group.
• Itai Frieberger will be promoted to chief operational officer, reporting to the CEO. In his new role, Itai will ensure all company divisions are coordinated and strive to streamline our day to day operations. Reporting to Itai will be:
• Eran Gonen will continue in his role as SVP customer support and business operations, with his current responsibilities.
• Sigal Srur will continue in her role as SVP HR and global operations, with her current responsibilities.
• Itai Pazner, SVP B2C, responsible for all B2C operations while continuing to lead the B2C casino business unit.
• Maytal Ginzburg will be promoted to SVP, B2C COO, facilitating the B2C ongoing operations. Maytal will continue to lead the B2C poker business unit.
• Hila Klein will be promoted to SVP, product technologies and will replace Itai Frieberger.
• Yaniv Sherman will be promoted to VP business development, responsible for all new business opportunities across the company, including Dragonfish sales efforts.

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com