888 Holdings reports 7 growth in Q3 trading update
888 Holdings has announced its Q3 2021 trading update and the numbers suggest modest progress
888 Holdings has proclaimed its Q3 2021 trading update and the numbers suggest small progress.
The operator generated $229.9m sum up gaming revenue for the 3 months ended 30 Sep 2021, showing a 7% step-up year-on-year.
The write up showed warm performance inwards B2C gambling casino gaming, patch B2C sports betting declined against a warm outcome inwards Q3 2020.
Compared to Q3 2019, B2C sports betting revenue increased past 21%. Data also showed particular proposition maturation in Italian Republic and Romania.
During the period, 888 proclaimed the acquisition of William Benny Hill International, which testament raise its scale and make young opportunities inwards several regulated markets.
In July 2021, the radical launched the World Series of Poker (WSOP) brandmark in Pennsylvania under its partnership with Caesars, thus bringing 888’s in vogue(p) stove poker platform to the US; WSOP is also go under to set in motion inwards stops by the final stage of 2021.
Itai Pazner, CEO of 888, put a prescribed spin on what was a becalm but non owing(p) localise of results: "Q3 2021 was a full point of striking strategical get on for 888. During the stop we announced the transformational acquisition of William Alfred Hawthorne International, successfully launched SI Sportsbook inward the US, and began operating 888sport under a unexampled licence inward Deutschland as we continued to execute our contrive to build a global online betting and gaming leader.
"Alongside these important strategic milestones, i am proud of(p) with the group’s continued electropositive trading, specially as we lap covering really tough comparative periods. This performance reflects the continued success of our data-driven investments and death penalty against our product-leadership programme that delivers ongoing improvements in the usability, caliber and safety of our sports betting and gaming products.
"Underpinned by our forward-looking technology, products and warm brands, as easily as the increased scale, talent and variegation that the mathematical group will welfare from as a ensue of its combining with William James Jerome Hill International, we hold a real exciting political platform for long-term growth.”