888 Says Sportsbetting Losses Offset By Casino, Poker

This story was published more than 1 year ago.

Betting firm 888 Holdings has announced that their business operations are holding steady, as the company's casino and poker product revenues are offsetting losses by its sportsbook due to events being shuttered around the world.

The company issued a Covid-19 Trading Update this week, saying that casino and sports revenues were up 24% year over year to March 18th. The company noted that the sportsbetting sector will fall due to events being canceled, but noted that there's been a big surge in casino and poker play due to punters still wanting to get bets in.

Stock prices for 888 went up 30% on the news, but it's not known whether or not this will be sustainable, as UK lawmakers are considering a £50 cap per day for wagers while lockdowns are in place throughout the country.

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About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.