Gambling operator 888 Holdings, known commonly as 888.com, which operates brands including 888casino and 888sport, has today announced details of its commitment to safer gambling activities as it reveals growth plans and a new corporate social responsibility framework.
Chief executive officer at 888 Itai Pazner commented on the announcement:
“The board is closely monitoring the impact of COVID-19 on 888 and its customers. We continue to recognise that with people spending more time at home and with increased levels of stress and economic uncertainty, 888’s unwavering commitment to preventing gambling related harm is even more important than ever.”
The firm, which is also known for its bingo brands such as 888ladies, Wink Bingo and Big Brother Bingo, also delivered its annual financial figures for last year, which revealed record revenue figures of more than $550 million.
Pazner, who has worked for 888 for almost twenty years also said:
“We are proactively communicating with our customers to provide information on safer gambling and, where necessary, offer support. In addition, in recent weeks we have introduced several new alerts to our proprietary safe gambling software, the Observer, which constantly scans all customer activity and flags any potential areas of concern to our highly trained customer care team to act upon in order to prevent harm.”
Itai Pazner concluded with comments on what the future looks like for the London Stock Exchange listed corporation:
“Underpinned by the strength of 888’s technology, our growing customer base and our talented and committed team, the board continues to see a number of significant and exciting growth opportunities for 888 which we are confident of progressing during 2020 and beyond. 2019 was a year of further strategic progress for 888. During the year, 888 welcomed a record number of new customers – more than a million – to its international brands, launched in new regulated markets with very encouraging initial results, and completed the acquisition of a first-class sports betting platform and team.
Despite the headwinds of significantly increased gaming duties and challenging conditions in some of our global markets, 888 delivered a resilient financial performance during 2019 reflecting the strength of our unique combination of technology, compliance and diversification across regulated markets. We entered 2020 with a record level of customers and the trends reported in our update on 24 March 2020 have continued in the year to date.”
Last year, 888 Holdings also acquired Dublin-based Dedsert Ltd for £15 million that provided the sportsbook platform for UK-licensed bookmaker BetBright, which ceased gambling operations on a permanent basis shortly after.