{"id":25,"date":"2024-06-11T07:50:58","date_gmt":"2024-06-11T04:50:58","guid":{"rendered":"https:\/\/freespinsnodeposituk.icu\/2024\/06\/11\/888-holdings-reports-soaring-revenue-and-profits-in-h1-2020-driven-by-online-poker-and-casino-surge\/"},"modified":"2024-06-12T10:33:24","modified_gmt":"2024-06-12T07:33:24","slug":"888-holdings-reports-soaring-revenue-and-profits-in-h1-2020-driven-by-online-poker-and-casino-surge","status":"publish","type":"post","link":"https:\/\/freespinsnodeposituk.icu\/2024\/06\/11\/888-holdings-reports-soaring-revenue-and-profits-in-h1-2020-driven-by-online-poker-and-casino-surge\/","title":{"rendered":"888 Holdings Reports Soaring Revenue and Profits in H1 2020 Driven by Online Poker and Casino Surge"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/dzg6eEdyRWc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings experienced a substantial revenue surge in the initial six months of 2020, primarily fueled by robust gains in its poker and casino verticals.  The firm announced a 37% rise compared to the previous year, attaining $379.1 million.<\/p>\n<p>This expansion was predominantly propelled by a spike in their consumer-facing (B2C) activities, which ascended by 38% to reach $361.3 million.  Poker emerged as the standout performer within this division, witnessing a remarkable 56% revenue leap, hitting $361 million. Casino offerings followed closely, registering a 48% climb to achieve $260 million.<\/p>\n<p>Although sports wagering revenue did experience a minor decline (1% down to $44.1 million), the organization observed a strong resurgence in June, with a 59% uptick relative to June 2019. This indicates a revival in the industry following the extensive disruptions triggered by COVID-19 earlier in the year.<\/p>\n<p>In aggregate, 888&#8217;s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) demonstrated vigorous growth, soaring 56% to $70.1 million.  Profitability also witnessed a substantial upswing, with pre-tax earnings more than doubling (130% increase) to hit $50.9 million.<\/p>\n<p>The positive trajectory appears to be extending into the third quarter, as 888 reports that performance remains above projections. Chief Executive Officer Itai Pazner conveyed contentment with the company&#8217;s first-half outcomes, emphasizing the impressive revenue and EBITDA expansion. <\/p>\n<p>The teams output remains exceptional. Their knack for drawing in fresh clientele is notable.  Furthermore, with everyone housebound, digital platforms received a significant upswing \u2013 they were perfectly positioned for the surge.  Naturally, 888&#8217;s continuous drive to elevate their offerings to the highest standard plays a key role. Such dedication invariably fuels triumph. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings experienced a substantial revenue surge in the initial six months of 2020, primarily fueled by robust gains in its poker and casino verticals. The firm announced a 37%&hellip;<\/p>\n","protected":false},"author":24,"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 Revenue in 2020 | Driven by Online Poker<\/title>\n<meta name=\"description\" content=\"888 Holdings saw a massive revenue surge in the first half of 2020, driven by a remarkable 56% jump in their online poker division. 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