A prominent online wagering and gaming corporation, 888 Holdings, declared a revenue surge of 9% for the initial six months of 2017, fueled by substantial expansion in its casino and sports wagering sectors. The enterprise, managing well-known brands such as 888sport, 888poker, and 888casino, witnessed particularly noteworthy growth within its sports betting segment, mirroring a worldwide upswing in sports wagering engagement. Although their poker offerings experienced more moderate increases, the company’s overall results indicate a robust online gaming market. Nevertheless, this announcement follows closely behind a record penalty imposed upon 888 Holdings by the UK Gambling Commission, which uncovered “serious shortcomings” in the company’s approach to managing at-risk gamblers. This casts a pall over the company’s achievements and emphasizes the crucial requirement for ethical gaming procedures within the sector.
Notwithstanding a few recent challenges, Itai Frieberger, the chief executive of 888, expressed optimism. “During the initial half of 2017, 888 experienced robust operational and fiscal results, with income increasing by 9% in constant currency terms,” he remarked.
This upward trajectory was primarily fueled by steady expansion in 888’s principal casino offering, the ongoing advancement of 888Sport, and a commendable showing from poker.
This positive trend, combined with the group’s resilient and varied business framework, gives the board assurance that 888 is favorably situated for continued growth and to achieve its projections for the entire year.
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