The 888 Holdings logo is seen through a magnifying glass near the Sports Illustrated logo in the illustration taken June 24, 2021. REUTERS/Dado Ruvic/Illustration

Jan 18 (Reuters) – 888 Holdings (888.L) on Tuesday reported a 14% rise in full-year revenue despite a slowdown in the fourth quarter as the British online gaming company enjoys a sustained growth of casino games during the pandemic and expansion into regulated markets.

The company’s revenue for the fiscal year ended Dec. 31 hit $972 million, while fourth-quarter revenue fell 16% from 2020, when pandemic-related lockdowns boosted gaming and gaming. online betting.

Betting companies have taken advantage of people spending more time online playing games and betting on sporting events over the past two years during restrictions put in place to slow the spread of the coronavirus.

Year-on-year revenue growth to 888 was driven by strong performance in the UK and other European markets, excluding Germany.

Last year the company agreed to buy William Hill’s non-US assets, including retail stores, with the deal expected to close in the second quarter of this year. 888 sold its bingo business in December to focus on its core business and the US market.

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Reporting by Amna Karimi in Bengaluru; Editing by Rashmi Aich and Shounak Dasgupta

Our standards: The Thomson Reuters Trust Principles.