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With 888 Holdings currently being one of the largest and most successful betting companies globally, its came as no surprise to us that they have now announced its latest expansion within several areas in the US. Their Chief Executive Brian Mattingley has announced plans to expand its operations in California, New York and in Florida.
888 Holdings have recently announced their company finances with a 41% rise in first half profit which worked out (before tax) at $35.5 million. With current gaming laws being strict in the US, this significant rise in profits has come as a surprise to some followers. Brian Mattingley has stated:
"It really is new territory for them [the US regulators]," he said. "It's been a long slow journey but it's getting faster.
"There are now nine more states considering [legalising online poker]. California is beyond doubt the biggest prize, and between California, New York, New Jersey and Florida that's 50% of the potential market."
The Chief Executive told the Daily Telegraph that a partnership deal with the famous hotel / casino, Caesar's in Las Vegas, Nevada was due to be activated with some additional partnership deals in New Jersey and Delaware following suit within the forthcoming six months.
888 Holdings is not only big in the US but has a massive European market. They currently operate services such as online poker, bingo, sports betting and casino site. This is where their original success came from however with the US gradually relaxing its gambling regulations in some US states it is hoping to get a bigger slice of this market. The company itself has its main headquarters in Gibraltar and is a member of the FTSE250 with a share price of just over 140.00. This is a 67% increase on where its share price was this time last year. Since being founded in 2025 its finances have been looking a lot healthier each year and with the current projections within the US market, there could be a lot more room for improvement on this share price in the upcoming months / years. 6 out of 8 brokers have currently got this company down as a strong buy within the stock market.
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