Tag Archives: 888 Holdings

Caesars initiates bidding contest for William Hill’s UK and European assets

Caesars Entertainment has announced that it will begin the bidding contest for the European and UK home assets of WIlliam Hill, formally completing its takeover of the heritage bookmaker last month.  Reported in The Telegraph, the sale will include all of William Hill’s high street shops – which number around 1,400 in the UK and Ireland – as well as …

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Regulated and taxed market growth fuels 888 Q1 uptake

888 Holdings has underlined its confidence in delivering on its 2021 financial expectations and corporate objectives, following a strong opening to its full-year trading.    Publishing its trading results for Q1 2021, 888 registered a substantial increase in revenue driven chiefly by expansion in regulated markets and growth across all core product channels.  The group reported an overall revenue increase of …

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888 forms new CSR committee led by Lord Mendelsohn 

The board of 888 Holdings has formed a new ‘Environment, Social and Governance’ (ESG) committee to help structure and guide the FTSE250 online gambling group’s corporate social responsibility (CSR) duties and objectives. The ESG Committee will be led by Lord Jon Mendelsohn, 888’s forthcoming non-executive Chairman who will take leadership of the firm’s corporate governance duties from May onwards.  A …

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‘Product leadership strategy’ in regulated markets key to 888 success

888 Holdings has published its full results for the year ending 31 December, reporting strong growth driven by success in regulated markets and a varied product range. The FTSE250 group’s overall revenue increased to $849.7 million, up 52% from the 2019 figure of $560.3 million. In addition, the firm reported adjusted EBITDA of $155.6 million – or 18.3% – up …

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Playtech appoints Brian Mattingley as inbound chairman

Playtech Plc has announced Brian Mattingley as its new company chairman, bringing its near two year search for a successor to Alan Jackson to a close.  Mattingley, who is in the final days of his 15 year tenure as Executive Chairman of 888 Holdings, has agreed to join FTSE250 Playtech. Mattingley is due to leave 888 this May, having announced …

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Winning Post: Playing it straight on black market threats

Regulus Partners sets the record straight on how betting incumbents should represent black market threats, where the emphasis should be placed on understanding player habits and protecting integrity over market size impacts.   Whenever a regulator or government seeks to make ‘illiberal’ changes to gambling policy, the dangers of a black market will almost inevitably be wheeled out in evidence …

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888 selects Vaughan Lewis as new Chief Strategy Officer

888 Holdings has strengthened its senior leadership team after confirming that Vaughan Lewis will assume the newly-created position of Chief Strategy Officer. Due to join the company in early 2021, Lewis will leave his role at Flutter Entertainment where he held the position of transformation lead for the international business following its acquisition of The Stars Group in May 2020. …

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Suitors await Caesars call on William Hill’s ‘non-US’ assets

City news sources report that New York investment fund Apollo Global Management will bid to acquire William Hill Plc’s ‘non-US assets’, as the FTSE250 firm moves to merge with US strategic partner Caesars Entertainment. Apollo had formally announced its intentions to bid for an outright acquisition of William Hill. However, the investment fund’s pursuit of the heritage UK betting group …

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Sportradar takes MTS solution live with 888sport

Sportradar has agreed to deliver its risk management solution for 888sport’s tennis offering after securing a new partnership with the operator’s umbrella company, 888 Holdings. Under the partnership, Sportradar will supply its data and risk management solution, Managed Trading Services (MTS) Return Guarantee, for the operator’s extensive tennis offering. Nick Soye, Business Development Manager, Management Trading Services at Sportradar, commented: …

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888 flexes tech and product muscle as company upgrades all 2020 forecasts 

Reporting growth across all core metrics and strong progress on its year objectives, 888 Holdings has upgraded its full-year 2020 earnings to be ‘significantly ahead of its prior expectations’.  Publishing its 2020 interim results (period ending 30 June), 888 has recorded a 37% increase in group revenues to $379 million (H12019: $277m) which the company stated was largely driven by …

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