Following the decision for the United Kingdom to leave the European Union, higher taxes and stricter regulations may become part of the new landscape for British online gambling. In an effort to mitigate potential negative impacts of Brexit, 888 Holdings (which encompasses 888 Casino, 888 Sport, and 888 Poker) has recently acquired a gaming license in Malta from the Malta Gaming Authority (MGA). As a strategic move, this license allows 888 Holdings to operate within the regulatory framework of Malta, thereby diversifying their operations and ensuring continued access to the European market.

The Malta Gaming Authority stands as one of the leading regulatory bodies for casino operators, possessing the authority to grant licenses for both online and offline gambling. With a track record of approximately 450 licenses issued to date, the MGA serves as the cornerstone for countless gaming enterprises.

888 Holdings, based in Gibraltar, operates multiple online gambling brands and platforms and is listed on the London Stock Exchange. In anticipation of upcoming legislative changes, the company has not only obtained a license from the MGA but has also strategically positioned a server in Ireland to enhance its service for European users.

Regarding the British government's recent efforts to restrict access to gambling for minors and individuals with compulsive gambling issues, 888 Holdings has also taken a stand by stating that they are enacting significant measures to curb advertising and promotions in these channels, just as other gambling companies have done. They are implementing drastic changes aimed at addressing these concerns head-on. The company understands the importance of responsible gambling and is committed to creating a safe and secure environment for all users. By taking proactive steps, 888 Holdings aims to contribute to the larger societal goal of protecting vulnerable individuals and promoting responsible gaming practices.

In a recent report presented by the 888 group, their stance remained assured. In 2018, pre-tax profits skyrocketed from $18.8 million (2017) to $108.7 million. Nevertheless, the company's overall revenue saw a decline of approximately one million dollars. As per the board of directors, the reason for the decrease was exclusively attributed to stricter regulations and an uptick in taxes.

The CEO, Itai Pazner, stated that the company's performance in 2018 remained steady, despite encountering challenges in certain specific areas. Additionally, the executive reported that the company is witnessing gradual growth in several regulated markets, particularly in continental Europe, where sports betting and casino gaming operations are thriving.

Furthermore, Pazner emphasized that the favorable outcomes of 2018 are persisting in the initial months of 2019, showcasing advancements in significant key performance indicators (KPIs). The daily average revenue of the company has observed a 10% upsurge compared to the corresponding quarter in 2018.

In his words:

In the United Kingdom, we have been encouraged by the improvement trends that we began to see in the latter stages of 2018, and the board is pleased to report that they have continued during the first quarter of the current financial year.
Itai Pazner, the CEO of 888 Holdings.