The first six months of 2020 brought substantial growth to 888 Holdings, fueled primarily by a rapid rise in internet poker and casino activity. Their earnings reached $379.1 million, a 37% leap from the corresponding period the previous year.
Their poker products experienced a particularly dramatic upswing, with earnings soaring by 56% to hit $361 million. Casino games followed closely, generating $260 million, a 48% climb. Although sports wagering earnings saw a minor decline due to pandemic-induced event postponements, 888 noted a robust recovery in June as sporting competitions started to recommence.
This upward trajectory has persisted into the third quarter, surpassing the company’s internal projections. Chief Executive Officer Itai Pazner ascribed the achievements to 888’s robust brand recognition and its capacity to adjust to the evolving preferences of players during these exceptional circumstances.
They completely dominated the market! Their achievements stem from a steadily expanding clientele, a boom in digital engagement during the stay-at-home orders, and their unwavering commitment to providing top-tier merchandise.”
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