Salem Radio Network News Tuesday, May 24, 2022

Science

Gambling firm 888 annual revenue jumps 14% on casino gaming demand

(Reuters) – 888 Holdings posted a 14% rise in annual revenue on Tuesday despite a slowdown in the fourth quarter, as the British online gambling firm benefits from sustained growth in casino gaming during the pandemic and expansion into regulated markets.

The London-listed company said the revenue for the year ended Dec. 31 rose to $972 million, while fourth quarter revenue fell 16% compared with a strong 2020 when lockdowns drove online gaming and betting.

(Reporting by Amna Karimi in Bengaluru; Editing by Rashmi Aich)

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