888 sees profit growth but suffers decline in poker, bingo

Despite reporting record earnings in 2018, 888 Holdings saw double digit declines in its poker and bingo businesses. According to figures released on Tuesday, the UK gambling operator’s poker revenue tumbled 37% to $49m, bingo was down 17.5% to $32.4m and the Dragonfish B2B bingo division fell 8% to $50.6m. These numbers did not dampen the spirits of 888’s new CEO Itai Pazner who praised his company’s performance despite “headwinds in some areas of the business.”
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888’s profit rises as revenue falls, poker and bingo struggle
888 can’t have it all

The Story

Despite reporting record earnings in 2018, 888 Holdings saw double digit declines in its poker and bingo businesses. According to figures released on Tuesday, the UK gambling operator’s poker revenue tumbled 37% to $49m, bingo was down 17.5% to $32.4m and the Dragonfish B2B bingo division fell 8% to $50.6m. These numbers did not dampen the spirits of 888’s new CEO Itai Pazner who praised his company’s performance despite “headwinds in some areas of the business.”

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SHOUT OUT
Good job to David “ODB” Baker for winning the million dollar first prize in the $10,000 World Poker Tour L.A.Poker Classic Main Event! Baker latest victory has seen him amassing a total of $5.4m playing live tournaments.
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