A prominent online wagering and entertainment corporation, 888 Holdings, experienced a revenue surge of 4% in 2017, attaining $541.8 million. This expansion was driven by robust results in its business-to-consumer operations, encompassing its primary poker and casino offerings. The firm’s revenue from sports wagers also witnessed remarkable gains, soaring by 45%. Although content with these figures, 888 Holdings Chief Executive Itai Frieberger recognized the effect of a singular financial expense, affirming that the company prioritizes sustained growth and financial success. In summary, 888 had a favorable year, showcasing its adaptability within a challenging marketplace.
The company’s expansion was driven by development in its casino, sports wagering, and diverse regulated sectors.
“Even though withdrawing from certain markets this year, the organization achieved a remarkably robust performance, demonstrating 888’s flexibility and responsiveness, powered by its cutting-edge technology and exceptional workforce.”
In January, 888 Holdings introduced its inaugural poker platform in Italy, 888poker.it, supplementing its existing casino and sports betting products, while its Spanish activities contributed over 12% of total revenue, primarily propelled by the growth of its casino and sports brands.
Frieberger continued: “The organization continues to observe an upward trajectory in the sports vertical, with earnings increasing by 45%. Performance since the beginning of the year has aligned with projections, with average daily revenue rising by 6% year-over-year, or 8% on a comparable basis excluding the effect of departing markets.”
“888 is a resilient and multifaceted operator possessing adaptable proprietary technology. The organization has numerous substantial growth prospects ahead, and the Board is optimistic about operational advancement in the coming year.”
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