{"id":9,"date":"2024-06-10T05:09:04","date_gmt":"2024-06-10T02:09:04","guid":{"rendered":"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/10\/888-holdings-reports-revenue-surge-driven-by-b2c-growth-and-sports-betting-success\/"},"modified":"2024-06-11T10:31:20","modified_gmt":"2024-06-11T07:31:20","slug":"888-holdings-reports-revenue-surge-driven-by-b2c-growth-and-sports-betting-success","status":"publish","type":"post","link":"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/10\/888-holdings-reports-revenue-surge-driven-by-b2c-growth-and-sports-betting-success\/","title":{"rendered":"888 Holdings Reports Revenue Surge Driven by B2C Growth and Sports Betting Success"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/aEHp6_6i6Sw\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A prominent online wagering and gaming corporation, 888 Holdings, announced a revenue surge of 4% for the fiscal year 2017, achieving a sum of $541.8 million in contrast to $520.8 million the prior year. This expansion was principally fueled by a 6% climb in their B2C (business-to-consumer) earnings, which ascended to $486.6 million from $460.2 million.<\/p>\n<p>Their sports wagering division witnessed a substantial revenue leap, registering a 45% increase from $51.9 million to $75.5 million. Casino earnings also observed a robust 4% growth, hitting $293.9 million compared to $282.1 million in 2016.<\/p>\n<p>Nevertheless, it&#8217;s important to recognize that 888 Holdings encountered extraordinary expenses surpassing $5 million in 2017. This encompassed a considerable $4.53 million linked to a prior VAT (value-added tax) issue and a \u00a3550,000 (roughly $720,000) sanction from the UK Gambling Commission concerning specific operational procedures.<\/p>\n<p>Despite these financial hurdles, 888 Holdings exhibited strong results with a 12% rise in adjusted EBITDA, attaining $100.7 million compared to $90.2 million in 2016. This led to an enhanced adjusted EBITDA margin of 18.6% for the year.<\/p>\n<p>Itai Frieberger, Chief Executive Officer of 888 Holdings, conveyed confidence in the company&#8217;s advancements, remarking, &#8220;888 has undergone another year of progress, yielding unprecedented revenues of $541.8 million and adjusted EBITDA growth of 12%.&#8221; He acknowledged the influence of exceptional costs on the group&#8217;s revenue but maintained a positive outlook on their overall achievements. <\/p>\n<p>The 888 collective experienced notable expansion due to its robust results in interactive entertainment, especially within wagering, athletics, and controlled sectors.<\/p>\n<p>Their Italian footprint broadened with the debut of 888poker.it, supplementing their current casino and sports wagering products. Spain similarly arose as a vital market, with casino and sports names generating over 12% of the group&#8217;s overall income. Their sports wagering division displayed particular vigor, boasting a 45% surge in revenue. This favorable pattern was mirrored in their daily profits, which climbed 6% overall and 8% when excluding effects from market withdrawals.<\/p>\n<p>888&#8217;s chief executive highlighted the company&#8217;s flexibility, varied offerings, and adaptable technology as core strengths. They are optimistic about future expansion prospects and foresee sustained advancement in the year ahead. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent online wagering and gaming corporation, 888 Holdings, announced a revenue surge of 4%&hellip;<\/p>\n","protected":false},"author":33,"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 Hits Jackpot with 4% Revenue Surge in 2017<\/title>\n<meta name=\"description\" content=\"Global gaming giant 888 Holdings saw a 4% revenue boost in 2017, raking in a hefty $541.8 million! Discover how their B2C earnings and sports betting division fueled this impressive growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/10\/888-holdings-reports-revenue-surge-driven-by-b2c-growth-and-sports-betting-success\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"888 Holdings Reports Revenue Surge Driven by B2C Growth and Sports Betting Success\" \/>\n<meta property=\"og:description\" content=\"Global gaming giant 888 Holdings saw a 4% revenue boost in 2017, raking in a hefty $541.8 million! 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