{"id":25,"date":"2024-06-11T08:08:20","date_gmt":"2024-06-11T05:08:20","guid":{"rendered":"https:\/\/cryptoleocasinonodepositbonus.icu\/2024\/06\/11\/888-holdings-navigates-challenges-and-growth-in-2018\/"},"modified":"2024-06-12T10:37:06","modified_gmt":"2024-06-12T07:37:06","slug":"888-holdings-navigates-challenges-and-growth-in-2018","status":"publish","type":"post","link":"https:\/\/cryptoleocasinonodepositbonus.icu\/2024\/06\/11\/888-holdings-navigates-challenges-and-growth-in-2018\/","title":{"rendered":"888 Holdings Navigates Challenges and Growth in 2018"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/9oqcNK6iHh8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The year 2018 saw 888 Holdings experience a minor decrease in earnings, experiencing a 2% decline to $529.9 million. This downturn can be linked to heightened competition within the market and amplified regulatory oversight, creating a more challenging environment for the company to function with the same ease it once did.<\/p>\n<p>Itai Frieberger, who previously held the position of CEO, resigned in January and was succeeded by Pazner. In a private discussion with Gambling Insider, Pazner acknowledged that 2018 had been an underwhelming year for 888.<\/p>\n<p>The company&#8217;s fiscal statement mirrored this view.  Their business-to-consumer poker revenue experienced a substantial decline, plummeting by 37% to $4.9 million. Bingo earnings also faced difficulties, decreasing by 17% to $3.24 million. <\/p>\n<p>Nevertheless, the situation was not entirely bleak.  The occurrence of the FIFA World Cup provided a much-needed boost to 888&#8217;s sports wagering division, which witnessed a 6% rise in earnings, reaching $80.3 million. Casino revenue also displayed encouraging indicators, expanding by 8% to $317.6 million. <\/p>\n<p>Despite the obstacles encountered, 888&#8217;s adjusted earnings before interest, taxes, depreciation, and amortization climbed by 6% to $107.1 million, and adjusted profit before tax saw an 11% increase, reaching $86.7 million. <\/p>\n<p>CEO Pazner emphasized the favorable aspects, stating, &#8220;2018 yielded robust financial outcomes with unprecedented EBITDA, notwithstanding difficulties in certain segments of the business.&#8221; He underscored the company&#8217;s ongoing expansion within regulated markets, particularly in mainland Europe, driven by strong performances in both casino and sports betting. <\/p>\n<p>Despite these encouraging takeaways, market reactions were cautious. 888&#8217;s stock price experienced a marginal rise from \u00a31.65 ($2.17) to \u00a31.67 following the announcement. This suggests that investors may be awaiting further clarity on the company&#8217;s strategy for navigating the increasingly competitive environment and regulatory obstacles in the year ahead. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The year 2018 saw 888 Holdings experience a minor decrease in earnings, experiencing a 2% decline to $529.9 million. This downturn can be linked to heightened competition within the market and amplified regulatory oversight, creating a more challenging environment for the company to function with the same ease it once did. Itai Frieberger, who previously [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>888 Holdings Navigates Challenges in 2018<\/title>\n<meta name=\"description\" content=\"Despite a slight dip in earnings, 888 Holdings remains a major player in the online gaming industry. 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