888 Holdings Secures New Malta Licence, Rides the Brexit Wave
After a burger‑flipping second in the UK’s betting scene, 888 Holdings has landed a fresh gambling licence in Maltese waters, riding the stormy Brexit tide while still reporting a “tasty” profit surge.
Funds & Numbers in a Nutshell
- Pre‑tax profit 2018: £83.2 million (vs. £14.4 million in 2017)
- Revenue 2018: £414 million (slipped slightly from £414.9 million in 2017)
- UK revenue drop: 16% to £130.6 million due to tighter regs and higher taxes
Why Malta & Ireland? The Strategy Behind the Moves
888’s CEO, Itai Pazner, explains the double‑trust play:
“We’re hedging our bets—quite literally—by anchoring a server in Ireland to keep the play smooth no matter how the UK leaves the European Union.”
In the meantime, the company snatched up BetBright for £15 million, gaining a Dublin office that’s expected to turbo‑charge casino, poker and sporting tech.
2028‑Skipping (but 2019‑Onwards) Momentum
Despite the market drag, 888’s performance stayed resilient:
- Continued growth in continental Europe, driven by casino and sports
- 10% average daily revenue bump in Q1 2019 vs. Q4 2018
- UK’s “improving” trend keeps the board smiling
What’s Next? Quick Glimpse
Keep an eye on the ecosystem: the new Maltese licence, BetBright’s tech infusion, and the Irish server should keep 888’s wheels turning, no matter how the EU and UK scripts unfold.
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