888 Holdings announced its commercial update for the third quarter of 2021 and the numbers suggest progress in the business. The operator generated total gaming revenue of $229.9 million for the three months ended September 30, 2021, showing a 7% increase over the previous year.
The report pointed to a strong performance in B2C casino games, while sports betting fell compared to a powerful result in the third quarter of 2020. Compared to performance in the third quarter of 2019, B2C sports betting revenue increased by 21%. The data also showed particular growth in Italy and Romania.
In the period, 888 announced the acquisition of William Hill International, which will increase its scale and create new opportunities in several regulated markets. In July, the group launched the World Series of Poker (WSOP) brand in Pennsylvania in partnership with Caesars, bringing the latest 888 poker platform to the United States. The WSOP is also scheduled to launch in Michigan in late 2021.
888 Holdings CEO Projects Long-Term Growth
Itai Pazner, the CEO of 888, assessed the results as stable but not excellent: “The third quarter of 2021 was a period of exceptional strategic progress for 888. During the period, we announced the acquisition of William Hill International and the start of operations of 888sport under a new license in Germany”.
Pazner added: “Along with these strategic milestones, I am pleased with the group’s continued positive negotiation, especially as we have been through very difficult times. This performance reflects the success of our data-driven investments and execution against our leadership plan it delivers. frequent improvements in the usability, quality and safety of our sportsbook and gaming products.”
The CEO of 888 Holdings further stated: “Based on our advanced technology, strong products and brands, as well as the increased scale, talent and diversification that the group will benefit from as a result of its combination with William Hill International, we have a very exciting platform for long-term growth”.