The group-wide revenue and profit of 888Holdings took a heavy hit across the first six months of the year, as the LSE-listed firm continues to adjust to its acquisition of William Hill. Publishing its interim report this morning, the FTSE250 group revealed that revenue and profit for H1 2022 were both down by 13% and 66%, standing at £332.1m and …
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888 Holdings has branded 2021 as a year of ‘strategic progress’, in which the company has realised its transformative objective to become a global leader in online betting and gaming. Full-year 2021 trading saw 888 register record group revenues of $980 million, up 15% on corresponding FY2020 results of $850 million. Headline growth was achieved despite 888 countering “$70-100 million …
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888 Holdings hails ‘another record breaking year’, as the FTSE250 gambling group publishes its pre-close trading statement ahead of its transformative enlargement with William Hill. Of significance, expansion within regulated markets offset German regulatory challenges for 888, as the firm detailed that a strong performance in four key markets helped drive revenue by 14% in 2021. Updating investors, the company …
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888 Holdings has updated that the full completion of its takeover of the non-US assets of William Hill and William Hill International will take place in the second quarter of 2022. Additionally, Q2 2022 will also see the international gambling group publish a combined circular and prospectus for the acquisition and capital raise, with a shareholder vote scheduled to follow. …
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Broadway Group’s Saphalata Holdings Ltd is due to acquire the Dragonfish online bingo business units of 888 Holdings for a total consideration of $50 million, as the latter looks to focus on its US operations and other B2C assets. Under the terms of the transaction Broadway Group will integrate 888’s Dragonfish B2b holding and multiple B2C operators, including its technology, …
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888 Holdings has cited confidence in achieving its 2021 growth objectives, as the company enters a crucial H2 trading period aware of numerous dynamics impacting its commercial performance. This morning, the LSE-listed online gambling group published a pre-close Q2 trading update, anticipating group revenues of $257 million – up 20% on 2020 corresponding results of $214 million. The revenue uplift …
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Online gambling group 888 Holdings Plc has predicted that COVID-19 related disruptions will have a ‘single $ digit million impact’ on the firm’s 2020 EBITDA performance. Yesterday, 888 was forced to delay publishing its 2019 results, abiding with an FCA order which sanctioned a two-week moratorium on the publication of results by listed companies. Updating investors this morning, 888 stated …
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Driven by strong organic growth in its regulated market operations, the governance of FTSE250 online gambling operator 888 Holdings has labelled 2016 as ‘another fantastic year’. The continued growth of its B2C casino division, supported by a marked uplift in its sports betting wagering would see 888 declare group corporate revenues of US $520 million (FY 2015: $462million). Closing its …
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Online operator 888 Holdings has recorded an increase in revenues of 15% to US$111m for the second quarter of the year, with all divisions experiencing growth. 888’s Emerging Offering channel, which incorporates its 888Sport sportsbook, saw an increase of 15% to $7m, with casino, poker and bingo all experiencing uplifts of 15%, 2% and 17% respectively. On the B2B side, …
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