{"id":151,"date":"2024-06-16T22:00:21","date_gmt":"2024-06-16T19:00:21","guid":{"rendered":"https:\/\/dreamscasinobonusnodeposit.icu\/2024\/06\/16\/888-holdings-reports-strong-h1-2020-results-driven-by-poker-and-casino-growth\/"},"modified":"2024-06-20T17:08:13","modified_gmt":"2024-06-20T14:08:13","slug":"888-holdings-reports-strong-h1-2020-results-driven-by-poker-and-casino-growth","status":"publish","type":"post","link":"https:\/\/dreamscasinobonusnodeposit.icu\/2024\/06\/16\/888-holdings-reports-strong-h1-2020-results-driven-by-poker-and-casino-growth\/","title":{"rendered":"888 Holdings Reports Strong H1 2020 Results Driven by Poker and Casino Growth"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/apXKV5XabxU\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings experienced a substantial upswing in the initial six months of 2020, largely propelled by robust results in their poker and casino verticals.  Their earnings for the timeframe totaled $379.1 million, a 37% leap compared to the corresponding period the previous year.<\/p>\n<p>This expansion was primarily driven by a surge in their business-to-consumer (B2C) segment, which witnessed revenue ascend by 38% to $361.3 million.  Poker emerged as the top performer, with earnings soaring by 56% to $361 million.  Casino offerings followed closely, registering a 48% rise in revenue, hitting $260 million.<\/p>\n<p>Although sports wagering revenue experienced a minor decline due to the disruptions stemming from the COVID-19 pandemic, the firm noted a significant recovery in June with a 59% year-over-year gain, suggesting a positive trajectory as athletic competitions recommence.<\/p>\n<p>In aggregate, 888 Holdings&#8217; adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) exhibited remarkable growth, climbing by 56% to reach $70.1 million. This equates to a robust adjusted EBITDA margin of 19%.  Profitability also witnessed a substantial increase, with pre-tax earnings more than doubling to $50.9 million.<\/p>\n<p>The organization conveyed confidence regarding its sustained performance in the third quarter, citing a 56% year-on-year rise in average daily revenue, indicating a strong path for the remaining months of the year. <\/p>\n<p>The collective&#8217;s achievements persist, fueled by their talent for acquiring fresh clientele, the upswing in online service demand during pandemic restrictions, and 888&#8217;s unwavering dedication to providing top-tier offerings. <\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"text-justify mb-2\" >888 Holdings experienced a substantial upswing in the initial six months of 2020, largely propelled by robust results in their poker and casino verticals. Their earnings for the timeframe totaled $379.1 million, a 37% leap compared to the corresponding period the previous year. This expansion [&hellip;]<\/p>\n","protected":false},"author":55,"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 Reports Soaring Profits in 2020 | Is Online Gaming the Future?<\/title>\n<meta name=\"description\" content=\"888 Holdings saw a massive 37% increase in earnings during the first half of 2020, reaching $379.1 million. Their poker and casino verticals led the way. 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Is this a sign of things to come for the online gaming industry?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dreamscasinobonusnodeposit.icu\/2024\/06\/16\/888-holdings-reports-strong-h1-2020-results-driven-by-poker-and-casino-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Trusted Source for Secure Online Casino Games &amp; News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-16T19:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:08:13+00:00\" \/>\n<meta name=\"author\" content=\"Stella &quot;Sterling&quot; Long\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stella &quot;Sterling&quot; Long\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dreamscasinobonusnodeposit.icu\/2024\/06\/16\/888-holdings-reports-strong-h1-2020-results-driven-by-poker-and-casino-growth\/\",\"url\":\"https:\/\/dreamscasinobonusnodeposit.icu\/2024\/06\/16\/888-holdings-reports-strong-h1-2020-results-driven-by-poker-and-casino-growth\/\",\"name\":\"888 Holdings Reports Soaring Profits in 2020 | Is Online Gaming the Future?\",\"isPartOf\":{\"@id\":\"https:\/\/dreamscasinobonusnodeposit.icu\/#website\"},\"datePublished\":\"2024-06-16T19:00:21+00:00\",\"dateModified\":\"2024-06-20T14:08:13+00:00\",\"author\":{\"@id\":\"https:\/\/dreamscasinobonusnodeposit.icu\/#\/schema\/person\/a0489be450c7b7ada99490810673e8f2\"},\"description\":\"888 Holdings saw a massive 37% increase in earnings during the first half of 2020, reaching $379.1 million. 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