{"id":25,"date":"2024-06-11T07:41:27","date_gmt":"2024-06-11T04:41:27","guid":{"rendered":"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/11\/888-holdings-reports-4-revenue-growth-in-2017-driven-by-b2c-and-sports-betting\/"},"modified":"2024-06-12T10:30:45","modified_gmt":"2024-06-12T07:30:45","slug":"888-holdings-reports-4-revenue-growth-in-2017-driven-by-b2c-and-sports-betting","status":"publish","type":"post","link":"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/11\/888-holdings-reports-4-revenue-growth-in-2017-driven-by-b2c-and-sports-betting\/","title":{"rendered":"888 Holdings Reports 4% Revenue Growth in 2017 Driven by B2C and Sports Betting"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/apXKV5XabxU\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings experienced a 4% surge in total earnings for the 2017 financial year. <\/p>\n<p>The internet wagering firm&#8217;s overall income for 2017 hit $541.8 million, contrasting with $520.8 million in the preceding year. This boost was fueled by a 6% climb in earnings from 888&#8217;s business-to-consumer activities, generating $486.6 million.<\/p>\n<p>Wagering on sporting events was a notably robust area for 888, as income in that segment escalated by 45% to achieve $75.5 million. Casino earnings also witnessed expansion, ascending by 4% to reach $293.9 million.<\/p>\n<p>888 did encounter some substantial extraordinary expenses during the year, amounting to over $50.8 million. This encompassed a $45.3 million expense linked to a VAT matter and a $5.5 million regulatory sanction. <\/p>\n<p>Notwithstanding these expenses, 888&#8217;s modified EBITDA \u2013 an indicator of profitability \u2013  improved by 12% to $100.7 million. Chief Executive Officer Itai Frieberger expressed optimism regarding the outcomes, characterizing 2017 as &#8220;yet another period of advancement&#8221; for 888. <\/p>\n<p>The corporation&#8217;s enlargement was propelled by expansion across its wagering, athletics, and gaming offerings in controlled sectors. <\/p>\n<p>&#8220;Although opting to withdraw from certain regions this year, the organization achieved a robust performance, showcasing 888&#8217;s nimbleness and flexibility due to its exceptional technology and personnel.&#8221;<\/p>\n<p>In January, 888 Holdings debuted its inaugural poker platform in Italy, 888poker.it, to enhance its current casino and athletics offerings.  The enterprise&#8217;s activities in Spain now constitute over 12% of total revenue, propelled by robust results in casino and athletics. <\/p>\n<p>&#8220;Our impetus in athletics persists, with earnings up 45%.  Current trading aligns with our projections, with mean daily revenue rising 6% year over year, or 8% on a comparable basis.&#8221;<\/p>\n<p>&#8220;888 is a durable and multifaceted operator possessing adaptable proprietary technology.  The organization has substantial expansion prospects ahead, and the board is optimistic about the business&#8217;s future advancement.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings experienced a 4% surge in total earnings for the 2017 financial year. The internet wagering firm&#8217;s overall income for 2017 hit $541.8 million, contrasting with $520.8 million in the preceding year. This boost was fueled by a 6% climb in earnings from 888&#8217;s business-to-consumer activities, generating $486.6 million. Wagering on sporting events was [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>888 Holdings Reports Soaring Earnings in 2017 Financial Year<\/title>\n<meta name=\"description\" content=\"Discover how 888 Holdings achieved a remarkable 4% surge in total earnings for the 2017 financial year, driven by strong growth in sports betting and casino gaming. 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