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2021 was supposed to be the year that the world started getting back to “normal”. But for 888 Holdings, 2021 leaned more towards extraordinary than ordinary as the company clocked a whopping $980.1 million in revenue and saw massive growth in almost every sector. 888 CEO Itai Pazner declared 2021 “a very successful year” and he’s absolutely right.
That $980.1 million worth of revenue represents a very healthy leap of 15.4 percent over 2020’s $849.7 million revenue final. With a strong online presence, 888 was able to dodge the worst of 2020’s shutdowns, but still didn’t see anything like the revenue it generated in 2021.
One area of growth for 888 Holdings during this period that’s worth taking a look at is the company’s growth on its home turf in the UK. UK operations accounted for 40 percent of 888 Holding’s revenue in 2021, up 17 percent from 2020 to $388.9 million. This is an area of continued growth for 888, which also saw a leap in UK revenue of 63 percent from 2019 to 2020 (growth that came mostly before lockdown).
888 also saw a major increase in their land-based holdings during 2021 when they purchased William Hill’s non-US assets from Caesars Entertainment.
In a statement reported on by Investis.com, Pazner lauded his company’s achievements saying, “2021 was a very successful year for 888, during which we delivered outstanding progress against our key strategic objectives and continued to position the Group to become a global leader in online betting and gaming. Strategic progress for the year included further expansion across regulated markets, the continued delivery of our product leadership plan, a step-change in our US growth strategy, and the announcement of our proposed landmark acquisition of William Hill.”