888 Holdings witnessed its earnings increase twofold in the initial six months of 2021, driven by a 39% jump in total gaming income.
The firm enjoyed substantial expansion across numerous vital regions. Italy spearheaded the growth with a remarkable surge surpassing 80%, while the UK recorded a considerable rise exceeding 50%. Romania, Ireland, and Portugal also stood out as top achievers. 888 ascribes this triumph to its robust brand awareness and the attractiveness of its varied product portfolio.
Chief Executive Itai Pazner emphasized the company’s positive trajectory, particularly within regulated territories, attributing it to their product-centric approach, data-driven promotional efforts, and captivating content.
Beyond profit escalation, 888 disclosed a rise in tax obligations, climbing from approximately $51 million at the close of June 2020 to nearly $58 million by June 2021.
With an eye on the future, the corporation remains dedicated to investigating new regulated sectors while prioritizing responsible gaming initiatives. Pazner underscored their emphasis on practicality, engaging content, entertainment value, and adaptability. He conveyed assurance in 888’s capacity to attain further strategic milestones in 2021 and beyond, capitalizing on their cutting-edge technology, diverse product range, and market diversification.
Previously this year, 888 Holdings revealed a significant collaboration with Authentic Brands Group, the proprietor of Sports Illustrated, further broadening its scope and impact.
