16+ CR GTD
MPL Poker
Click here to get the latest issue of our e-Magazine
Pokersaint
888 Witnesses Continual Poker Growth in Q1 2021,confirms expansion in US Poker
Amarylisa Gonsalves
Posted on 10 May, 2021
By Amarylisa Gonsalves
On 10 May, 2021
Share
By Amarylisa Gonsalves
On 10 May, 2021
Share

888 Witnesses Continual Poker Growth In Q1 2021, Confirms Expansion In US


One of the leading global poker giants 888 recently reported a growth of 13% year-over-year (Y-o-Y) in its online poker revenue. It also recorded that it’s online poker revenues reached $14.7 million in the first quarter of 2021. 888 has also seen 10% constant currency growth.

888 cited its new Poker 8 platform and ‘Made to Play’ marketing campaign as the major contributors to its growth. The year 2020 also saw the brand’s poker revenue increase by almost 50% as compared to the previous years.

The operators revenue is generated from its B2C operations comprising casino, sports betting, poker and bingo. In Q1 2021, its revenue from B2C operations  was up 67% Y-o-Y to $262.8 million. This growth included a culmination of all four product types within this segment, however, casinos remained its primary source of revenue which increased by 80%. The sports betting segment saw a growth of 68%, while poker and bingo increased to 13% and 16% respectively.

In terms of B2B operations, revenue rose by 27% Y-o-Y to $9.7 million. The B2B bingo and the US operations contributed largely to the B2B revenues in this quarter.

888 holdings, the Gibraltar-based public company owns many well-known brands under its name like 888casino, 888poker, 888sport and more. It is one of the  listed companies on the London Stock Exchange and is also a constituent of the  Financial Times Stock Exchange 250 Index.

Moving further, 888 believes that the company’s year-on-year trends will be affected by a tougher comparative period in Q2. It is expected so owing to the regulatory changes and the resumption of leisure venues and retails due to the easing of coronavirus restrictions in markets worldwide, 888 also revealed that it also expects to launch online poker along with its partner Caesars. The online poker brand will be launched under its partner World Series of Poker (WSOP). It is expected to launch in the first half of 2021 in Michigan and Pennsylvania.

For more news and updates, keep reading GutshotMagazine.com. Follow us on our social handles FacebookInstagram, and Telegram.

BLITZPOKER’S COVID RELIEF Tournament Comes To The Rescue


Tagged : 

More News

Summer Gets Better With Gutshot’s April E-magazine Edition! Issue OUT NOW
Poker
16 Apr,2021 

Summer Gets Better With Gutshot’s April E-magaz...

Fantasy sports
8 May,2021 

Indian Fantasy Sports Could See 80% Drop In Rev...

Delta Corp Shows 64% YoY Growth
Gaming
26 Apr,2018 

Delta Corp Shows 64% YoY Growth


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Dangal

Top 10 Poker Rooms

Pokersaint box banner

SUBMIT YOUR ARTICLE


    • Accept .doc, .docx, .pdf, .txt files only. and Max file size 20MB.

    Natural8 Tournament Guarantees July

    SUBMIT YOUR ARTICLE


      • Accept .doc, .docx, .pdf, .txt files only. and Max file size 20MB.

      Natural8 Tournament Guarantees July