A strong online performance has resulted in 888 Holdings documenting a solid first half of the year, as igaming and online poker offset COVID-19 impacted sporting shortfalls.
Lauding strong momentum in the US where revenue increasing by 90 per cent year-on-year, reflecting significant B2C growth in New Jersey, H1 group revenue increased 37 per cent to $379.1m (2019: $277.3m).
On a B2C basis revenue reached $361.3m, a 38 per cent increase from $262.5m, led by strong performances across casino and poker which recorded rises of 72 per cent and 103 per cent in first time depositors. Across the group’s B2C brands FTDs rose 49 per cent.
Casino revenue was up 48 per cent for the period to finish at $260m (2019: US$175.4m), with poker increasing 56 per cent from $23.1m to $36.1m. Bingo revenue increased eight per cent to $21.1m (2019: $19.5m).
This offset an anticipated drop in the firm’s sports segment, with a one per cent dip to $44.1m (2019: $44.5m) coming as a result of global cancellations and postponements from March to June.
Within its operational review, 888