Published
OnlineCasinoFinancial

888 Holdings posts 52% revenue rise for full year 2020

888 Holdings has reported full year 2020 revenue of $849.7m (£608.9m), a 52% rise from the prior-year period.

888 holdings

Casino operations represented $586.8m of the total, a 63% rise from 2019. Sport and poker followed with revenues of $122.1m and $63.1m respectively, representing rises of 36% and 48% respectively. Bingo meanwhile rose 10% to $42.3m.

Adjusted profit before tax rose 118% year-on-year to $116m, with adjusted EBITDA increasing by 69% to $155.6m.

Operational highlights for the 12 months to 31 December 2020 included a 63% growth in UK revenues, and a 69% growth in Italy, with the latter posting new customer growth of 43%.

“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,” said 888 CEO Itai Pazner.

“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.”

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Mohegan
Mohegan Inspire
DraftKings
The Star Entertainment Group
Follow Us

Company profile: Growe Partners

Dominate the Sports Betting Affiliate Arena with Growe Partn...

Company profile: GR8 Tech

The sportsbook provider discusses turning sportsbooks into a...

Analysing sports betting data from the African Cup of Nations 2024

Sports betting supplier Betby provides Gambling Insider with...

LiveScore Group: Football’s changing relationship with fans

Gambling Insider delves deeper into LiveScore’s Evolution...