{"id":21,"date":"2024-06-11T01:14:23","date_gmt":"2024-06-10T22:14:23","guid":{"rendered":"https:\/\/america777nodepositbonus.icu\/2024\/06\/11\/888-holdings-reports-strong-q2-2021-results-driven-by-regulated-market-growth\/"},"modified":"2024-06-12T10:43:43","modified_gmt":"2024-06-12T07:43:43","slug":"888-holdings-reports-strong-q2-2021-results-driven-by-regulated-market-growth","status":"publish","type":"post","link":"https:\/\/america777nodepositbonus.icu\/2024\/06\/11\/888-holdings-reports-strong-q2-2021-results-driven-by-regulated-market-growth\/","title":{"rendered":"888 Holdings Reports Strong Q2 2021 Results Driven by Regulated Market Growth"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/7IbjAye0OkE\"\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 outstanding second-quarter financial results, surpassing projections.  Income surged by an exceptional 20% to hit $257 million, fueled by robust expansion across its primary markets and a 10% rise in revenue at fixed currency rates.<\/p>\n<p>The firm&#8217;s achievements can be linked to its emphasis on product dominance, successful client acquisition tactics, and continuous penetration into regulated territories.  888 now derives 74% of its income from regulated markets, with notably strong results in the United Kingdom, Italy, Spain, Romania, and Portugal.  Nevertheless, recent regulations in Germany did influence the company&#8217;s outcomes.<\/p>\n<p>888&#8217;s business-to-consumer revenue, encompassing its casino and sports wagering activities, expanded by a striking 21% to $247 million.  The sports wagering sector witnessed a remarkable 94% jump in revenue, profiting from a more advantageous comparative period relative to the prior year when sporting contests were significantly affected by the global health crisis.<\/p>\n<p>Although business-to-business revenue encountered a minor decrease, 888&#8217;s overall performance in the second quarter was extraordinary.  The company&#8217;s standing as a worldwide frontrunner in the online gaming sector was further solidified by being awarded a sports wagering permit by German authorities. This accomplishment underscores 888&#8217;s dedication to functioning in regulated markets and furnishes a robust base for upcoming expansion. <\/p>\n<p>Notwithstanding some volatility in currency valuations, the board at 888 holds a positive outlook for the latter half of the year.  They foresee robust results and sustained expansion as COVID-19 limitations relax and the summer period commences. <\/p>\n<p>Chief Executive Itai Pazner was happy to report that the company&#8217;s solid trajectory from the first quarter of 2021 persisted into the second quarter, albeit at a moderated rate due to challenging comparisons with the prior year.<\/p>\n<p>This expansion was principally fueled by regulated sectors. 888 attributes its sustained gains in market share to its top-tier product approach, impactful data-informed marketing, and premium content.  Beyond the strong results in their primary European territories, 888 achieved notable strategic headway in the dynamic US market by unveiling a long-range strategic alliance with Sports Illustrated.<\/p>\n<p>The rollout of SI Sportsbook represents a cornerstone of 888&#8217;s US expansion plan. The board retains confidence that 888&#8217;s cutting-edge technology, product dominance, and geographical diversification will propel further strategic achievements in 2021 and beyond. <\/p>\n<p>888 intends to release its half-year performance figures for the period concluding June 30, 2021, on September 1, 2021. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent online wagering and gaming corporation, 888 Holdings, announced outstanding second-quarter financial results, surpassing projections. Income surged by an exceptional 20% to hit $257 million, fueled by robust expansion across its primary markets and a 10% rise in revenue at fixed currency rates. The firm&#8217;s achievements can be linked to its emphasis on product [&hellip;]<\/p>\n","protected":false},"author":77,"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 Smashes Q2 Earnings: Revenue Soars 20%<\/title>\n<meta name=\"description\" content=\"888 Holdings posts stellar second-quarter results, with revenue surging 20% to $257 million! 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