(Reuters) – 888 Holdings reported a 14% rise in full-year 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.
Betting firms have benefited from people spending more time online playing games and betting on sporting events in the past couple of years during curbs put in place to slow the spread of the coronavirus.
The company last year agreed to buy William Hill’s non-U.S. assets, including retail shops, with the deal expected to close in the second quarter this year. 888 sold its bingo businesses in December to focus on its core operations and in the U.S. market.
(Reporting by Amna Karimi in Bengaluru; Editing by Rashmi Aich and Shounak Dasgupta)