Tag Archives: 888 Holdings

888 pledges to heal 2023 scars with new Executive Vision

SBC News 888 pledges to heal 2023 scars with new Executive Vision

888 Holdings has cited a direct impact of £80m on its corporate income due to its “proactive shift away from dot-com markets”. The impact was declared by the LSE gambling group publishing its pre-close statement on 2023 trading, described as a “year of significant regulatory and compliance headwinds.”  Closing year-end trading, 888’s Q4 revenues stood at £424m, a 7% decrease …

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888 circled by rivals as LSE share price slumps to 70p

SBC News 888 circled by rivals as LSE share price slumps to 70p

Playtech Plc is reported to have tabled a £700m offer to acquire embattled LSE rival 888 Holdings. As reported by The Sunday Times this weekend, FTSE 250-listed Playtech’s “£700m swoop for 888 Holdings” was rejected by the board as “undervaluing the company”, according to City sources. The approach is reported to have taken place in July, with Playtech valuing its …

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888 posts Q3 revenue slump hit by UK affairs

Per Widerström, 888 CEO

888 Holdings has notified investors that its KPI performance remains consistent with corporate expectations, as the LSE gambling group reported a 10% decline in Q3 revenues to £405m (Q3 2022: £450m).  As anticipated by the firm’s September update, Q3 trading saw group performance dragged by ongoing safer gambling compliance changes and a refined marketing approach, impacting the performance of its …

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888 enters new leadership era as Per Widerström CEO tenure begins

Per Widerström, 888 CEO

Per Widerström has taken full leadership of 888 Holdings, having first been announced as the incoming CEO of the multi-brand international betting group in July. Leadership responsibilities were being temporarily filled by Lord Mendelsohn, who has now returned to his post as Non-Executive Chair after serving as Executive Chair since January, having taken up the role following the departure of …

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888 warns of rocky Q3 but projects 2024 revenue recovery

888

888 Holdings has told a similar story to that of other high-profile gambling plcs., cautioning its investors that its Q3 performance has fallen below expectations. The LSE-listed betting and gaming group cited investment in sustainability and clearing compliance hurdles as the primary reasons behind an expected 10% slump in Q3 revenue. This puts 888 revenue at around £400m for Q3 …

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888 rejigs Committee memberships as 2025 targets remain locked in

888

888 Holdings has made another round of adjustments to its senior leadership as the company works to reduce debt amid a growth of its international business. Following the leadership reshuffle, Lord Mendelshon will take on additional duties as a member of the group’s Nominations Committee upon resuming his role as Non-Executive Chair of the FTSE100 gambling group. Further changes will …

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William Hill leverages Twenty3 for enhanced Premier League content

William Hill

William Hill has enlisted sports technology agency Twenty3 to boost its content offering, integrating the firm’s Content Toolbox into its operations. The 888 Holdings online and retail sports betting brand will utilise Twenty3-produced custom graphics and visualisations to provide information in order to enhance engagement with its customers. Digital channels are the core area of focus for the partnership, with …

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Leader in Transformation: Per Widerström’s Career in and Beyond Gambling

Leader in Transformation: Per Widerström's Career in and Beyond Gambling

If you had asked a young Per Widerström at the age of six about his dreams, the answer would have been crystal clear – Per wanted to be a professional football player. However, while football might have missed out on a future star, a different field gained something extraordinary: a determined leader and innovative thinker. Widerström boasts an illustrious career …

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888 appoints Sean Wilkins as inbound CFO

SBC News 888 appoints Sean Wilkins as inbound CFO

888 Holdings has confirmed the appointment of Sean Wilkins as inbound Group Chief Financial Officer (Group CFO) of the LSE gambling group. Issuing a corporate statement, 888 notified investors that Wilkins will join the company’s executive management team on 1 February 2024. A seasoned finance officer, Wilkins joins 888 from CEE gambling group Super Bet, the market leading bookmaker of …

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