The digital gaming firm, 888 Holdings, declared a revenue surge of 9% in the initial six months of 2017, contrasted with the corresponding timeframe the previous year. This expansion was chiefly fueled by robust results in their casino and wagering segments, which witnessed substantial upticks. Conversely, their poker section trailed, encountering a mere 1% climb.
This announcement follows a record-setting penalty imposed upon 888 Holdings by the UK Gambling Commission. The £7.8 million sanction was levied owing to the company’s shortcomings in safeguarding susceptible patrons and tackling compulsive gambling.
Notwithstanding recent challenges, 888’s chief executive, Itai Frieberger, maintains a hopeful outlook. He emphasized the firm’s sustained financial and operational expansion in the initial six months of 2017, noting a 9% increase in revenue at a fixed exchange rate.
“This upward trajectory is largely attributable to the steady performance of 888’s primary casino offering, the robust growth of our developing 888Sport platform, and a commendable showing from poker,” he elaborated.
Frieberger concluded, “With this positive trend and the group’s demonstrated and adaptable business framework, the Board is assured in 888’s future prospects for the remainder of the year and our capacity to achieve our annual targets.”
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