{"id":47234,"date":"2017-03-22T13:00:40","date_gmt":"2017-03-22T20:00:40","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=47234"},"modified":"2017-03-22T11:34:09","modified_gmt":"2017-03-22T18:34:09","slug":"888-profits-soar-will-pay-dividend-fifth-consecutive-year","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/888-profits-soar-will-pay-dividend-fifth-consecutive-year\/","title":{"rendered":"888 Profits Soar, Will Pay Dividend for Fifth Consecutive Year"},"content":{"rendered":"<p>It\u2019s a good time to be a shareholder of 888 Holdings as the company announced Wednesday profits jumped 82 percent and they will yet again be paying a dividend.<\/p>\n<figure id=\"attachment_47235\" aria-describedby=\"caption-attachment-47235\" data-style=\"width: 660px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-47235 size-full\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/Frieberger.png\" alt=\"888 Holdings surge\" width=\"660\" height=\"330\" \/><figcaption  id=\"caption-attachment-47235\"class=\"text-description\">888 Holdings Chief Executive Itai Frieberger made the announcement that the company was paying shareholders a dividend for the fifth consecutive year. (Image: 888 Holdings)<\/figcaption><\/figure>\n<p>The stock rose seven percent on the London Exchange and reached an 11-year high.<\/p>\n<p>Experts are very bullish on the company. Investec analysts rated the stock a buy.<\/p>\n<blockquote class=\"main-blockquote\"><p><strong>\u201cGiven 888&#8217;s size and superior technology offering, as well as its growing Sport product vertical, we regard 888 as either a consolidator or key potential take-out target,\u201d the company wrote in a note.<\/strong><\/p><\/blockquote>\n<h2>Dividends Adding Up<\/h2>\n<p>It is the fifth consecutive year investors will see a return from the business. They are recommending a final dividend of 5.1 cents per share along with an additional one-off 10.5 cents per share for 2016.<\/p>\n<p>\u201cThere\u2019s no point sitting on the cash,\u201d Chief Executive Itai Frieberger told Bloomberg News. \u201cIf we do, we don\u2019t get any value on that. We\u2019re relatively small and we have enough to do what we want to do.\u201d<\/p>\n<p>The payout was made possible by the strong performance of the sportsbetting and casino divisions.<\/p>\n<h2>Stumbles Not Falls<\/h2>\n<p>There were a couple of hiccups last year, but not enough to affect overall performance of the online gaming group.<\/p>\n<p>In August a deal to <a href=\"https:\/\/www.casino.org\/news\/william-hill-says-thanks-no-thanks-888-rank-improved-offer\">acquire William Hill<\/a> was rejected for being substantially too low. It was the second effort that was turned away.<\/p>\n<p>\u201cAs we have said before, this is highly opportunistic and complex and does not enhance the strategic positioning of William Hill,\u201d said Gareth Davis, William Hill\u2019s chairman. \u201cThe board continues to believe we have a strong team to deliver superior value to our shareholders and trading at the start of the second half gives us renewed confidence in our stand-alone strategy.\u201d<\/p>\n<p>In another slip, the poker category lost one of its key markets when it made the <a href=\"https:\/\/www.casino.org\/news\/888-leaves-australian-market-online-poker-threat-oz\">decision to leave Australia<\/a>. The country recently passed legislation that banned online play.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s a good time to be a shareholder of 888 Holdings as the company announced Wednesday profits jumped 82 percent and they will yet again be paying a dividend. The stock rose seven percent on the London Exchange and reached an 11-year high. Experts are very bullish on the company. Investec analysts rated the stock [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,19,1074],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>888 Profits Soar, Will Pay Dividend for Fifth Consecutive Year<\/title>\n<meta name=\"description\" content=\"Shares of 888 Holdings surged in London as the U.K. gaming company promised more cash to shareholders and said revenue growth shows no sign of slowing.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"888 Profits Soar, Will Pay Dividend for Fifth Consecutive Year\" \/>\n<meta property=\"og:description\" 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