888’s UK license review concludes without penalties
The UK Gaming Commission undertook a thorough investigation into 888, a well-known operator.This inquiry began after FS Gaming, an investment firm controlled by Entain's...
888’s revenue analysis of 2021
888, online casino and sports betting company, announces a decrease of 16 percent in GGR reaching $214 million in the last quarter of 2021.
As 888 reports, the decrease reflects the serious competition in the industry together with regulatory changes. B2C revenue in Q4 had a drop by 17 percent to $205 million. Meanwhile, B2B revenue had an increase by 10 percent to $9 million.
However, 2021’s financial budget increased by 14 percent reaching $972 million, as a result of footprint amplification in regulated markets. B2C and B2C revenues increased by 15 percent to $934 million and 8 percent to $38 million respectively, compared with the results of the previous year.
The company recorded growth in GGR as a result of good performances within Italy, Great Britain and Portugal.
The chief executive of 888, Itai Pazner, remarked:
“Our brand has seen a notable advancement as we managed to sell our bingo product and concentrated on B2C’s advancement and US expansion plan. Besides, we reached an agreement acquiring William Hill International”.
As a huge achievement, Pazner mentions SI sportsbook’s release within the United States and 888sport’s license acquisition and operation within Germany.
“We are thrilled to announce another year of record-breaking results together with such huge achievements despite the strong competitive period.”
Pazner added.
888 intends to release its financial analysis of 2021 in March this year.
Per Widerstrom officially takes over as CEO of 888
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