888 Holdings Post Impressive Results For 2020

Online gambling firm 888 Holdings posted impressive figures for the 2020 period showing a 52% rise in revenues from $560 million in 2019 to $849.7 million in 2020.

Casino revenues rose 63% to $586.8 million representing the largest portion of revenues for 888, poker saw a rise 48% to $63 million and sports betting up 36% to $63 million for the year.

Profits before tax grew to $116 million representing a massive 118% climb, with adjusted EBITDA increasing by 69% to $155.6m.

Itai Pazner the CEO of 888 Holdings said on the results: “2020 was a landmark year for 888, with our team navigating the many challenges presented by a global pandemic to deliver record financial results, and significant progress against our strategic priorities,” he went on to say.

“Our product-leadership strategy delivered outstanding results in 2020, with the launch of our ground-breaking Control Centre, our first-ever in-house sportsbook, and a totally new poker platform.

“Our focus on delivering safe, intuitive, content-rich and entertaining products is helping us to deliver a differentiated customer experience and supporting our market share gains in key regulated markets.”