888 cites a period of “remarkable strategic progress” in the third quarter update

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Online betting and game companies 888Currently active in the United States SI Sportsbook Released at ColoradoPosted a third quarter transaction update for the period ending September 30, 2021.

In the report, the company maintains strong trading momentum for investors against tight-term comparisons, with group revenues of $ 230 million and a corresponding 216 million in 2020. He said he was 7% ahead of the dollar result.

Revenue increased 11% from $ 175 million year-on-year to $ 194 million due to the sustained growth of the 888’s B2C gaming unit. Game growth helped offset a 15% decline in B2C betting revenue of $ 27 million (Q3 2020: $ 32 million).

CEO Itai Pazner Comment: “Third quarter of 2021 was a period of remarkable strategic progress for 888. During this period, we announced a transformational acquisition of William Hill International, successfully launched SI Sportsbook in the United States, and in Germany. 888sport is now operational under the new license and will carry out plans to build a global online betting and game leader.

“In addition to these important strategic milestones, we are happy with the group’s ongoing positive trading, especially as it wraps a very tough comparison period. This performance is for sports betting and gaming products. It reflects the continued success of data-driven investment and execution in product leadership plans that continually improve usability, quality and safety.

“Our advanced technology, top-notch products, strong brands, and the expansion, talent and diversification that will benefit the Group as a result of our combination with William Hill International, we have been very long-term. We have an exciting platform. Long-term growth. ”

888 described this period as one of the key advances in its third quarter business review. The transformational acquisition of William Hill International said it would significantly expand the size of the expanded group and establish a leading position in several major regulated markets.

The company said: “In addition, the Group was the first in the United States to use 888’s in-house sports betting platform to successfully launch SI Sportsbook in Colorado and continue to implement its long-term growth strategy in the US market.”

888 cites a period of “remarkable strategic progress” in the third quarter update

Source link 888 cites a period of “remarkable strategic progress” in the third quarter update

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