Gaming operator company 888 Holdings is struggling to find solid ground for operations and has thus experienced a decline in revenue, with date from their full-year revenue in 2022 demonstrating a year-to-year decline, according to Casino.org.
According to the report, online revenue fell 15% year-on-year in 2022 to $1.58 billion, while retail revenue rose 54% year-on-year to $631.2 million, which is reflective of a full year of trading in the year prior, in comparison to a partial close during the first half of 2021.
Retail revenue of $159.32 million represented a quarter-over-quarter improvement of 5% whereas online gaming revenue during the last quarter dropped 5% to a reported $396.4 million, per the report.
Despite the numbers and with 2023 potentially furthering a troubling trend, 888 Holdings CEO Itai Pazner and the board believe the results are “in line” with expectations.
