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Record revenue fails to stem 888 profit slide

20th March 2018 10:09 am GMT
888 Holdings

London-listed 888 Holdings has reported a 4 per cent increase in full-year revenue to a record US$541.8m in 2017, although net profit fell by 76 per cent due to tax and regulatory issues in Germany and the UK.

Revenue from the company’s B2C division grew by 6 per cent year-on-year to $486.6m, benefiting from a strong performance from sports betting and continued growth in its core casino vertical.

“The group's growth was driven by further expansion in casino, [...]

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