The beginning of the week saw the Gibraltar-headquartered online gambling company 888 Holdings extend its technology contract with the online casino and poker monopoly in the state of Delaware.
Yesterday, 888 Holdings officially revealed that its exclusive online gambling contract with the Delaware Lottery has been extended for two more years. The two parties have been working together for quite some time now, as 888 Holdings has powered the iGaming platform of the US state since 2013. That was the year when Delaware legalized online gambling and such operations to be offered by three racino operators – Dover Downs, Delaware Park and Harrington Raceway.
Through the technology platform provided by the British online gambling company, Delaware customers have been able to reach a variety of online casino games and play online poker in a safe and secure environment. Apart from that, poker players from the state of Delaware have also been provided with the chance to play against Nevada and New Jersey residents through the interstate poker network of 888 Holdings, offering a vast availability of poker games and tournaments.
According to the senior vice president of business development at 888 Holdings, Yaniv Sherman, the extension of the contract for a further two years demonstrated the strength of the British gambling operator and the Delaware online casino and poker monopoly, as well as the high quality provided by 888 Holdings’ technology platform.
Delaware Online Gambling Market Still Weaker that the One in Other US States
Despite the extension of the exclusive deal, so far the online gambling offering in Delaware has not managed to reach the success that iGambling has had on other competitive markets. For example, the online gambling operations in Pennsylvania and New Jersey set new records over the coronavirus lockdown, while the iGaming revenue in Delaware reached $1.13 million in May. The figure represents a considerable increase in the revenue reported by the local online gambling sector in February 2020 and is the highest total for 2020 to date, but it is still incomparable to the one registered in other states across the US.
Regardless of the relatively week performance of online gambling in Delaware, 888 Holdings has remained devoted to the iGaming sector of the US for several years now. As explained by Mr. Sherman, the British gambling operator has been excited by the potential for further growth that the country offered for its business across both its business-to-business and business-to-consumer verticals.
888 Holdings has been one of the UK gambling groups that have turned their eyes to new markets, as they were considering options to expand their presence worldwide at a time they feel pressed by stricter regulatory rules unveiled on their domestic market. Previously, the CEO of 888 Holdings, Itai Pazner, revealed that the gambling operator had enjoyed what he described as an encouraging performance in poker, as casino venues across the world were forced to cease operations because of Covid-19 lockdown, so players had no other choice but to look for some alternatives online.