888's delight in fantastic growth for 2016Tuesday, Mar 21, 2017 16:49
The company cited continued and ongoing progress within its casino and sports sectors as the main reasons behind this year-on-year financial growth. In 2015, 888 had revenues of $462.1 million. This increased to $520.8 million for the year ended December 31, 2016.
On the Up
888 really made moves with the sportsbook side of its site. The sports revenue alone increased by a whopping 49% in 2016. As you can imagine this is all fantastic news for shareholders! Share prices have now increased from 15.5 cents per share in December 2015, to 19.4 cents per share at present.
Itai Frieberger, chief executive of 888, said: “2016 was another fantastic year for 888 during which we continued to deliver very strong organic revenue and profit growth. 888’s further expansion in the UK, Spain and Italy is a strong demonstration of the group’s ability to drive excellent growth and build leading market positions across regulated markets as the industry continues to head in this direction. 888 is a fast-growing operator with the majority of its revenue now generated from regulated markets. The group is truly diversified with successful operations under 10 licences, four established B2C product verticals and an outstanding B2B offer. The board continues to see a number of significant growth opportunities for 888 both in new and existing markets and we look forward to another exciting year of progress.”
Exclusive Games and Loyalty Bonuses
888 are definitely one of the main movers and shakers in today’s online gambling world. They offer a casino with hundreds of slots, many of which are exclusive to 888, created by 888’s own game development department. Examples of such exclusive games are ‘A Nightmare on Elm Street’, ‘Ghost in the Shell’, ‘Mafia Madness’, ‘Oktoberfest Spins’ and ‘Irish Riches’.
888 casino also offers online poker and an impressive ‘Live Casino’ section which is powered by the excellent EvolutionGaming. The casino offers a 100% welcome bonus up to £$€140! For existing members, there are also monthly bonuses to avail of. For example, this month 888 offered €888 reward to 26 lucky members just for logging in on the 1st day of the month! If Blackjack is your thing then on the 21st of each month 888 offers the opportunity to ‘beat the dealer’ and win up to €300 free play in Multihand Blackjack. The daily ‘Lucky 8’ event in live roulette allows you to win €8 every time the ball lands on 8 during the hour of 8 - 9 pm (GMT)!!
‘Comp Points’ is another loyalty reward scheme that 888 offers. You earn points just by playing at the casino, either on a desktop or on the mobile version. Bank enough of these points and you can convert them to cash when you need it!