Presenting investors 888 Holdings full-year 2016 financial results, Chief Executive Itai Frieberger has stated that following a ‘fantastic year’, 888 now enters a crucial period in its existence as the company vows to compete in a ‘multi-faceted arena’.
Updating corporate shareholders, Frieberger detailed that 888’s 82% profit increase was a testament to the firm’s governance strategy, focusing on a ‘continued drive into regulated markets’.
Detailing his personal perspective, Frieberger tells 888 stakeholders that he has witnessed the industry evolve from being ‘wholly unregulated to fully regulated’ as more national jurisdictions come into play.
888’s CEO notes that part of his firm’s success has been driven by the ability to develop technology and platforms with regulatory challenges in mind. Building these effective operational processes have been key to 888’s ongoing growth both at B2C and B2B levels.
However, 888’s leader heeds a warning to upcoming industry challenges, stating that all industry operators and service providers will be challenged by multi-facet demands from consumers and clients.
As with many industry CEOs’ Frieberger details that tomorrow’s winners’ will be the enterprises that can offer best product and efficient scalability for a more demanding consumer wanting a high engagement multi-product experience.
Confident in 888’s future performance, Frieberger notes his firm’s effective in-house technology output driven by ‘top of the range development teams’. Noting his firm’s technology muscle, Frieberger states that 888 development teams successfully delivered on a combined 200 projects for its B2C and B2B operations in full-year 2016.
Ending his presentation, Frieberger states that 888’s technology scale cannot be matched by competitors and that its unique dynamics’ will guide the company’s future performance against new multi-facet demands.
Source: SBC News
