SafeCharge eyes 888 deal as 2016 revenues climb 11%
CEO David Avgi tells EGR Intel he expects 888 to join the firm’s payment platform later this year
SafeCharge is to add 888 to the growing list of egaming operators on the firm’s payment platform, EGR Intel has learned, after today reporting an 11% rise in 2016 revenues.
CEO David Avgi said he expected the operator to go live with SafeCharge’s payments solution later this year, joining new gaming customers including Betfair and Sun Bingo.
“The focus for SafeCharge is more about the tier one gaming clients and we have a very nice pipeline of leading operators for 2017,” Avgi told EGR Intel this morning.
He added: “Among them we have 888, and many others which you will see during the year.”
In its full-year financial results today the AIM-listed firm revealed egaming accounted for 33.3% of total revenues for the 12 months ended 31 December 2016
The company also announced a new profit high of $101.5m (£81.4m) in 2016, following a 14% increase in EBITDA.
SafeCharge attributed the payment provider’s growth to new customers obtained last year, as well as developments in technology and expansion into new markets.
CFO Tim Mickley added: “We’re winning more customers, especially in the gaming sector. We’ll see growth coming through from our existing portfolio of those that joined last year, including Paddy Power and Betfair. I think we’ll strengthen our position in the sports and gaming industry as well this year.”
SafeCharge’s share price was 235.00p on the London Stock Exchange at the time of writing.