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Business Summary: 888 Holdings plc is a betting and gaming company. The Company, together with its subsidiaries, owns and operates international brands, including William Hill, 888, and Mr Green. The Company’s segments include Retail, UK&I Online, and International. The Retail segment comprises all activity undertaken in licensed betting offices (LBOs), including gaming machines. The UK&I Online segment comprises all online activity, including sports betting, casino, poker, and other gaming products along with telephone betting services that are incurred within the United Kingdom and Ireland. The International segment comprises all online activity, including sports betting, casino, poker, and other gaming products along with telephone betting services that are incurred within all territories excluding the United Kingdom and Ireland. It also operates the SI Sportsbook and SI Casino brands in the United States in partnership with Authentic Brands Group. The Company operates from offices around the world.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, 888 Holdings PLC revenues increased 38% to L1.71B. Net loss decreased 53% to L56.4M. Revenues reflect Retail segment increase from L255.5M to L535M, UK Online segment increase of 45% to L658.5M, UK segment increase of 68% to L1.19B, Italy segment increase of 29% to L149.9M. Lower net loss reflects Impairment of Goodwill decrease from L55.7M (expense) to L0K.