{"id":201,"date":"2024-06-18T07:01:11","date_gmt":"2024-06-18T04:01:11","guid":{"rendered":"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/18\/888-holdings-experiences-significant-growth-in-h1-2020-driven-by-poker-and-casino-surge\/"},"modified":"2024-06-20T17:11:15","modified_gmt":"2024-06-20T14:11:15","slug":"888-holdings-experiences-significant-growth-in-h1-2020-driven-by-poker-and-casino-surge","status":"publish","type":"post","link":"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/18\/888-holdings-experiences-significant-growth-in-h1-2020-driven-by-poker-and-casino-surge\/","title":{"rendered":"888 Holdings Experiences Significant Growth in H1 2020 Driven by Poker and Casino Surge"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/bELvAxCmj4w\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>888 Holdings experienced a substantial upswing in the initial six months of 2020, primarily driven by a surge in its poker and casino products.  Their earnings reached $379.1 million, representing a 37% climb compared to the corresponding period the previous year. <\/p>\n<p>This expansion was chiefly propelled by their business-to-consumer (B2C) activities, which brought in $361.3 million, a 38% increase.  Poker emerged as the top performer, with earnings soaring by 56% to hit $361 million. Casino games followed closely, registering a 48% rise to reach $260 million. <\/p>\n<p>Although sports wagering earnings experienced a minor decline due to the pandemic\u2019s effects on live matches, 888 noted a robust recovery in June with a 59% year-over-year gain, suggesting a positive resurgence for the segment.<\/p>\n<p>In general, 888\u2019s adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) witnessed a 56% leap to $70.1 million.  Profitability also received a significant boost, with pre-tax profits more than doubling to $50.9 million. <\/p>\n<p>The company\u2019s CEO, Itai Pazner, conveyed significant contentment with their results, emphasizing the robust expansion in both earnings and profitability. He further mentioned that their third-quarter performance continued to surpass projections, with daily revenues up by 56% compared to the prior year. <\/p>\n<p>This truly demonstrates our success in acquiring new clients.  We\u2019ve observed a surge in individuals, particularly post-pandemic, transitioning to digital platforms such as ours. This clearly illustrates 888\u2019s dedication to providing top-tier offerings.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings experienced a substantial upswing in the initial six months of 2020, primarily driven by a surge in its poker and casino products. Their earnings reached $379.1 million, representing a 37% climb compared to the corresponding period the previous year. This expansion was chiefly propelled by their business-to-consumer (B2C) activities, which brought in $361.3 [&hellip;]<\/p>\n","protected":false},"author":68,"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 Poker &amp; Casino Earnings Soar in 2020<\/title>\n<meta name=\"description\" content=\"Did 888 Holdings really see a 37% increase in earnings in the first half of 2020? 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