888 Hits Record Numbers Despite Turbulant Year
It’s great to see that the unique experience provided by 888 Casino is enjoyed by so many
At the end of March, 888 Holdings announced their revenue for 2017. They state that the group revenue of 888 Holdings came to a mighty $541.8 million. 888 Casino is a favourite among players in Canada. So, it is great to see that 888 achieved a new revenue record in 2017.
This new record shows some great improvement from 888 Holdings despite turbulent times.
888’s new revenue record
The $541.8 million for 2017 shows a rise in revenue from 2016. On a year-on-year basis, group revenue for 888 Holdings saw a 4% rise. The biggest growth came from 888’s sports-based operations. 888 and their sports sections reported revenue rise of an incredible 45% year-on-year. This was a rise of $51.9 million to $75.5 million. 888 Casino hosts an integrated sportsbook for players in Canada and has proven to be very popular.
888 Holdings also saw a 4% revenue rise from their casinos in 2017. Fans in Canada love how unique the 888 Casino offering is. They create and host many of their own games and mix in top titles. Factors like this contributed to casino revenues rising from $282.1 million to $293.9 million.
The original games and promotions, such as Slot Races, have helped stand 888 Casino among the big names. One way that they have managed to get such a big audience in Canada is their special no-deposit bonus.
Given the occurrences of 2017, it’s somewhat surprising that 888 came out on the up. 888 was forced to withdraw from five nations. They left Australia, Poland, Slovakia, the Czech Republic, and Slovenia. Then, 888 had to put aside $45.3 million for a VAT bill. The bill was for services provided before 2015 in Germany.
The VAT bill was put down as an exceptional charge. But, it wasn’t the only one. 888 Holdings also forked out a further $5.5 million. This was also due to activities in a European country. 888 was billed the $5.5 million in the United Kingdom.
888 Holdings had to absorb $50.8 million in exceptional charges. That’s a huge sum of money for any organization. So, to take that on the chin and come out on the rise is impressive.
One of their most prized assets, 888 Casino, continues to grow in popularity in Canada. It’s one of the reasons why 888 Holdings has continued to grow. 888 Casino will continue to offer new and exclusive games. So, it will continue to have a big and ever-growing player base.
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