888 holdings revenues continue to rise

Despite its recent regulatory troubles and GBP 7..8 million fine from the UK Gambling Commission (see previous  report) online gambling operator 888 Holdings plc turned in another positive revenue report for H1-2017 with online casino and sports betting revenue up 3 percent at $ 270.1 million.

Revenue at group casino and sports divisions rose 11 percent and 35 percent respectively, with the latter performing strongly in Italy, according to Reuters news agency reports Tuesday.

However, the company swung to a pretax loss of $17.3 million from a profit of $27.8 million last year on exceptional charges of $50.8 million, including the settlement with the UK Gambling Commission.

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