888 Holdings revenue up 37%
888 Holdings revenue for the first six months of 2020 was $379.1 million, up 37% year-on-year %.
Of all the company's 888 revenue items, the largest growth was observed in the poker segment. The holding's profit from this card game increased by 56% year on year (to $36.1 million).
Revenue from sports betting for the reporting period fell by 1% to $44.1 million. bookmaker closures due to COVID-19. Brand's pre-tax profit up 130% to $50.9 million
According to 888 Holdings bosses, third-quarter performance continues to outperform management's expectations, showing a 56% year-over-year increase in average daily revenue.
888 CEO Itay Pazner commented on the results: “We delivered very strong numbers during the first half of 2020 with solid year-on-year revenue growth. This result reflects the high level of customer acquisition and the trend of consumers to increase the use of the company's online services.”
Recall that the shadow gambling businesscausesbillions in losses to China.