## 888 Experiences Significant Revenue Increase in Early 2021
888 Holdings is commemorating an unprecedented initial six months, announcing a substantial 39% rise in gross earnings.
The gaming powerhouse credited this accomplishment to robust showings across multiple territories, especially Italy (surpassing 80% expansion) and the UK (exceeding 50% expansion). Romania, Ireland, and Portugal also played a key role in the company’s remarkable results. This upswing, 888 asserts, underscores the potency of their brand and the effectiveness of their distinctive product portfolio.
Chief Executive Itai Pazner remarked: “Our favorable trajectory from 2020 has persisted into 2021, fueled primarily by regulated sectors… This sustained market share enlargement is a testament to our product-focused approach, impactful online marketing, and the robustness of our offerings.”
Beyond amplified earnings, 888 also witnessed a climb in tax obligations, from approximately $51 million (at the close of June 2020) to nearly $58 million (at the close of June 2021).
Pazner highlighted the company’s dedication to a more secure gaming environment, emphasizing user-centric design, varied content, entertainment merit, and adaptability. He stated: “The Board remains assured that, with 888’s cutting-edge technology, products and market diversification, the Group is well-situated to deliver further strategic advancements throughout 2021 and beyond.”
This declaration mirrors 888’s recent endeavors, including a prominent collaboration with Authentic Brands Group, the proprietor of Sports Illustrated, unveiled earlier this year. This alliance signifies 888’s aspiration to further broaden its scope and cement its standing within the worldwide online gaming arena.