{"id":131,"date":"2024-06-15T05:01:41","date_gmt":"2024-06-15T02:01:41","guid":{"rendered":"https:\/\/godofgambling.icu\/2024\/06\/15\/888-holdings-share-value-dips-despite-revenue-growth\/"},"modified":"2024-06-17T12:57:47","modified_gmt":"2024-06-17T09:57:47","slug":"888-holdings-share-value-dips-despite-revenue-growth","status":"publish","type":"post","link":"https:\/\/godofgambling.icu\/2024\/06\/15\/888-holdings-share-value-dips-despite-revenue-growth\/","title":{"rendered":"888 Holdings Share Value Dips Despite Revenue 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>The online gaming firm, 888 Holdings, experienced a decline in share value following the publication of its mid-year financial statement.  Profits experienced a significant decrease despite revenue growth in the UK market. <\/p>\n<p>The statement revealed a marginal 2% rise in revenue year-over-year for the corporation, totaling $277.3 million.  However, pre-tax profit experienced a steep fall, plunging by 63% to $22.2 million. This dramatic reduction is what triggered investor concern and led to the stock decline.<\/p>\n<p>888&#8217;s stock initially fell from \u00a31.67 to \u00a31.53 but saw a slight rebound to approximately \u00a31.57 later that day.<\/p>\n<p>Although there were some encouraging points, such as a 7% increase in total gaming revenue and a notable 19% surge in sports wagering revenue, these gains were insufficient to counterbalance the losses.  As an example, poker revenue suffered a blow, decreasing by 24%.<\/p>\n<p>The business attributes the profit reduction to a number of elements, including the transfer of Cashcade Bingo, the incorporation of the Costa Bingo brand and AAPN, and the March acquisition of BetBright for \u00a315 million.<\/p>\n<p>Despite the report&#8217;s findings, CEO Itai Pazner maintained a positive outlook, asserting that 888 had a &#8220;strong showing&#8221; in the initial six months of 2019. <\/p>\n<p>The company&#8217;s operations in the United Kingdom are experiencing a resurgence, driven by innovative offerings and a sharp emphasis on the casual consumer base.  Furthermore, they are making significant strides throughout Europe, penetrating important regulated sectors in nations such as Sweden and Portugal. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The online gaming firm, 888 Holdings, experienced a decline in share value following the publication of its mid-year financial statement. Profits experienced a significant decrease despite revenue growth in the UK market. The statement revealed a marginal 2% rise in revenue year-over-year for the corporation, totaling $277.3 million. However, pre-tax profit experienced a steep fall, [&hellip;]<\/p>\n","protected":false},"author":21,"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 Share Price Dips Despite UK Revenue Growth<\/title>\n<meta name=\"description\" content=\"888 Holdings sees share value fall despite a 2% revenue increase. What\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/godofgambling.icu\/2024\/06\/15\/888-holdings-share-value-dips-despite-revenue-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"888 Holdings Share Value Dips Despite Revenue Growth\" \/>\n<meta property=\"og:description\" content=\"888 Holdings sees share value fall despite a 2% revenue increase. 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