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Pushed primarily by its poker product, shares in 888 Holdings soared to one-year highs this week to 326.60 pence per share.
It's been a period of positives and negatives for the online gambling firms with a recent reduction of the maximum bet on Fixed Odds Betting Terminals (FOBTs) driving many gambling firm prices down while a favorable decision in the U.S. Supreme Court opening the door to statewide legalized sports betting has helped push prices up for other companies. 888 Holdings through its current partnerships in the U.S. is much better situated to take advantage of the later than many of its colleagues.
Because 888 operates exclusively online FOBTs are not an issue for the firm.
- Aaron Goldstein, Gambling911.com
