{"id":151,"date":"2024-06-16T21:53:33","date_gmt":"2024-06-16T18:53:33","guid":{"rendered":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/16\/888-holdings-reports-revenue-surge-despite-uk-gambling-commission-penalty\/"},"modified":"2024-06-20T17:06:39","modified_gmt":"2024-06-20T14:06:39","slug":"888-holdings-reports-revenue-surge-despite-uk-gambling-commission-penalty","status":"publish","type":"post","link":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/16\/888-holdings-reports-revenue-surge-despite-uk-gambling-commission-penalty\/","title":{"rendered":"888 Holdings Reports Revenue Surge Despite UK Gambling Commission Penalty"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/l-emnMyeeik\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings experienced a revenue surge of 9% during the initial six months of 2017.<\/p>\n<p>This digital gaming provider, managing a portfolio of casino games, poker platforms, sports wagering, and bingo products, generated $270.1 million in contrast to $262 million during the corresponding timeframe in 2016.<\/p>\n<p>The most substantial expansion was observed in the company&#8217;s casino and sports betting segments, which expanded by 11% and a considerable 45% accordingly. 888&#8217;s poker offerings trailed behind its other verticals, exhibiting a mere 1% year-over-year growth.<\/p>\n<p>Income derived from the group&#8217;s business-to-consumer activities rose by 11% year-on-year, while revenue from its business-to-business operations declined by 6% to $27.5 million.<\/p>\n<p>Adjusted EBITDA for the half-year concluding on June 30th saw an 8% year-on-year increase, reaching $47.6 million.<\/p>\n<p>The company&#8217;s adjusted profit before tax witnessed a 12% rise to $37.6 million from $33.7 million in the preceding year. Conversely, its reported pre-tax loss for H1 2017 stood at $17.3 million, compared to a profit of $27.8 million in the prior-year period. This discrepancy was attributed to $50.8 million in exceptional items incurred during the period.<\/p>\n<p>This favorable earnings announcement follows closely on the heels of the UK Gambling Commission imposing a record \u00a3780,000 penalty on 888 Holdings. This sanction stemmed from what the Commission deemed &#8220;significant shortcomings&#8221; in the company&#8217;s management of at-risk gamblers, revealed following a comprehensive inquiry. <\/p>\n<p>Notwithstanding recent obstacles, 888&#8217;s chief executive, Itai Frieberger, maintains a hopeful outlook. He emphasized the firm&#8217;s sustained financial and operational expansion in the initial six months of 2017, noting a 9% increase in revenue at fixed exchange rates.<\/p>\n<p>This favorable outcome stemmed from consistent growth in 888&#8217;s primary casino products, the robust performance of their developing 888Sport platform, and a stable contribution from their poker segment.<\/p>\n<p>This upward trend, combined with the strength of the group&#8217;s established business framework, instills confidence in the board regarding 888&#8217;s future potential and its capacity to meet full-year targets. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings experienced a revenue surge of 9% during the initial six months of 2017. This digital gaming provider, managing a portfolio of casino games, poker platforms, sports wagering, and bingo products, generated $270.1 million in contrast to $262 million during the corresponding timeframe in 2016. The most substantial expansion was observed in the company&#8217;s [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>888 Holdings Cashes In: Revenue Soars 9% in 2017<\/title>\n<meta name=\"description\" content=\"Digital gaming giant 888 Holdings is on a roll! Their casino and sports betting segments are booming, driving a 9% revenue surge in the first half of 2017. 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Our licensed casino is your ultimate gaming resource.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sunriseslots100nodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/#\/schema\/person\/089c439fc74d82280cebf92f3489c1c4\",\"name\":\"Gavin \\\"Gust\\\" Diaz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/sunriseslots100nodepositbonus.icu\/wp-content\/uploads\/sites\/54\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/sunriseslots100nodepositbonus.icu\/wp-content\/uploads\/sites\/54\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Gavin \\\"Gust\\\" Diaz\"},\"description\":\"Holding a Ph.D. in Financial Mathematics and a Master's in Sociology, this accomplished author has a deep understanding of the financial and social dimensions of the casino industry and the role of gambling in shaping individual and collective economic behavior. 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