888 Holdings Reports Revenue Surge Despite Regulatory Challenges

888 Holdings experienced a robust revenue surge of 9% during the initial six months of 2017, fueled primarily by impressive results in their casino and sports wagering divisions. Although their poker products witnessed only slight upticks, the corporation overall generated a substantial $2.7 billion within this timeframe. This signifies a considerable leap from the $2.62 billion earned during the corresponding period the previous year.

It’s noteworthy that these favorable financial outcomes follow a record-breaking penalty imposed upon 888 Holdings by the UK Gambling Commission. The sanction, amounting to £780,000, was issued in reaction to the firm’s inadequate management of at-risk gamblers, an issue that had been subject to scrutiny for a certain duration.

In spite of current challenges, 888’s Chief Executive, Itai Frieberger, maintains a hopeful outlook. He emphasized the firm’s sustained financial and operational expansion in the initial six months of 2017, noting a 9% increase in revenue when accounting for currency fluctuations. This favorable outcome was primarily attributed to the consistent growth of 888’s principal casino division, the robust performance of its rapidly evolving 888Sport platform, and commendable results from poker. Given this positive trajectory and the advantages of the group’s established business framework, the board expresses confidence in 888’s outlook for the entire year and anticipates fulfilling its projections.