888 Holdings experienced a substantial upswing in the initial six months of 2020, primarily driven by the remarkable results of its poker and casino products. Their earnings climbed by 37% in contrast to the corresponding period the previous year, achieving a robust $379.1 million.
This expansion was chiefly propelled by a surge in their business-to-consumer (B2C) operations, which witnessed a 38% escalation to reach $361.3 million. Poker emerged as the top earner, amassing $361 million, a staggering 56% leap. Casino diversions were not far behind, generating $260 million, signifying a 48% increase.
Although sports wagering encountered a minor decline owing to the pandemic’s influence on live competitions, 888 indicated a strong resurgence in June with a 59% rise compared to June 2019. This implies a positive revival for the segment as athletic events recommence globally.
In summary, 888’s Chief Executive Officer, Itai Pazner, conveyed significant contentment with the company’s achievements, emphasizing the robust expansion in both income and profitability. He maintains a positive outlook on the future, particularly with the sustained robust performance they have observed in the third quarter.
The team maintains its exceptional performance! We’re experiencing record customer engagement, a significant increase in digital service requests, and naturally, 888’s steadfast dedication to providing outstanding offerings is yielding positive results.
