The acquisition will allow 888 to acquire a sports betting platform of its own for a relatively cheap price.<\/p>\n
\u201cIn my first report as chief executive I am delighted to update 888\u2019s stakeholders on the significant strategic progress made by the group during 2018 and since the start of 2019,\u201d said Pazner in an earnings call, Tuesday.<\/p><\/blockquote>\n
\u201cAmongst other initiatives, we have continued our geographic expansion by obtaining important new licenses; launched our most significant product innovation in recent years in the form of [slots game] Orbit, a new casino platform; and announced three acquisitions including delivering on our long-stated ambition to add proprietary sports betting technology to 888,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
888 Holdings has reported double-digit profit growth for 2018, despite a dip in revenues amid an increasingly challenging regulatory environment in the UK. The company reported an 11 per cent\u00a0rise in profit, to\u00a0$86.7 million, as well as record EBITDA (earnings before interest, tax, depreciation and amortization) of just over $107 million,\u00a0buoyed by a profitable\u00a0World Cup […]<\/p>\n","protected":false},"author":36,"featured_media":100321,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810,19,13592,1074,16693],"tags":[],"acf":[],"yoast_head":"\n
888 Books 2018 Profit Growth Despite UK Headwinds<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n