888 Holdings experienced an exceptional initial six months of 2021, surpassing prior benchmarks and achieving a substantial 39% surge in revenue.
Their triumph extends worldwide, with Italy (soaring by over 80%!), the UK (exceeding 50% expansion!), Romania, Ireland, and Portugal spearheading the growth. This remarkable accomplishment underscores the potency of their brands and the positive reception of their diverse offerings among users.
Chief Executive Itai Pazner remarked, “Our momentum from 2020 has continued seamlessly into the first half of 2021, driven by our core markets with transparent regulations. We’re capturing an increasing market share, demonstrating the effectiveness of our product-centric approach, precise data-driven marketing, and exceptional content.”
Furthermore, 888 reported a significant increase in their tax remittances, climbing from approximately $51 million at the close of June 2020 to nearly $58 million by June 2021.
As 888 aims to penetrate new regulated sectors, their primary objectives remain firmly fixed on ethical gaming, ensuring user-friendly and accessible products, developing captivating content, delivering premium entertainment, and constructing a scalable enterprise. Pazner emphasized, “The board is optimistic that 888’s advanced technology, outstanding products, and strategic expansion across diverse markets position us optimally for even greater strategic achievements in 2021 and beyond.”
Previously this year, 888 Holdings unveiled a significant strategic alliance with Authentic Brands Group, the driving force behind Sports Illustrated. This initiative clearly signals their ambition and dedication to maintaining a competitive edge.