Poker news tagged with '888 holdings'

888 Holdings announced on Wednesday that its pre-tax profit tripled on record revenue for the year 2021, as temporary closures of land-based venues resulted to an online gambling boom in its core and growth markets.

Read more » 888 Holdings reports Annual Profit Tripled due to Online Boom brought about by Lockdowns

As the entire world faced extreme challenges in 2020, that year was still a good one for online gambling as a whole. In fact, online casinos, betting sites, and poker rooms surprisingly saw a significant increase in traffic.

888 Holdings, the parent company of 888poker brand, has enjoyed a substantial spike in online traffic during the lockdown, and the markedly increased revenue allowed them to invest more funds towards ad campaigns, widen the range of their offers and create more tournament events geared to make their players happy.

Read more » 888poker Experienced Significant Income Growth in 2020

It appears that Las Vegas Sands is eyeing a move to the online gaming world, and is considering acquiring or teaming up with one of London's online gaming specialists, much like what its rivals MGM and Caesars have done.

The late CEO of Las Vegas Sands Sheldon Adelson was known to be a long-time opponent of online poker and online gaming in general. His seriousness in the matter led him to set up various campaigns trying to stop it and he even created an organization named the Coalition to Stop Internet Gaming (CSIG). His reason behind this is that online gaming results to higher levels of addiction and gamblers end up suffering from substantial losses.

Read more » Las Vegas Sands Plans to Enter Online Gaming, Eyes 888 Holdings

On Friday, July 17, it was announced that bwin.party Group had been sold to 888 Holdings. The deal, worth 1.4 billion U.S. Dollars, happened after weeks of negotiations in which 888 and GVC (backed by Amaya - the owner of Full Tilt and PokerStars) were fighting to buy the company.

Read more » 888 Buys bwin.party For $1.4 Billion!