The shockwaves have subsided a bit since the 15 May announcement by 888 Holdings PLC that the UK Gambling Commission has commenced a review of the operating licence held by one of its subsidiary companies. The Commission has so far made no public comment on the subject but that is not unusual, as it will only announce publicly that it …
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FTSE-listed online gambling group 888 Holdings has informed the market and its investors that its UK operator licence is being reviewed by the UK Gambling Commission (UKGC) relating to the firm’s compliance provisions with regards to preventing problem gambling. The UKGC is set to evaluate whether 888 operates an effective self-exclusion process for its customers across its platforms. Self-exclusion is the player protection …
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888 Holdings has confirmed the senior executive promotions of Yaniv Schwartz and Yaniv Sherman who will oversee specialist functions within the FTSE-listed firm’s operations. Schwartz who has been with the operator since 2011, acting as Head of Dragonfish B2B gaming division will take on the specialist function on Head of Group Customer Risk Management. Moving forward Schwartz will lead 888 …
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FTSE250 operator 888 Holdings (888) is considering alternatives to Gibraltar as its operational centre, should the British Overseas Territory be negatively impacted or restricted by Brexit. The governance of 888, are the first industry stakeholders to publicly view Brexit as a potential ‘future risk’ for its operations. Publishing its 2016 annual report, 888 detailed that Gibraltar’s current licensing remit remains …
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Presenting investors 888 Holdings full-year 2016 financial results, Chief Executive Itai Frieberger has stated that following a ‘fantastic year’, 888 now enters a crucial period in its existence as the company vows to compete in a ‘multi-faceted arena’. Updating corporate shareholders, Frieberger detailed that 888’s 82% profit increase was a testament to the firm’s governance strategy, focusing on a ‘continued …
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Driven by strong organic growth in its regulated market operations, the governance of FTSE250 online gambling operator 888 Holdings has labelled 2016 as ‘another fantastic year’. The continued growth of its B2C casino division, supported by a marked uplift in its sports betting wagering would see 888 declare group corporate revenues of US $520 million (FY 2015: $462million). Closing its …
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Entering 2017 European sports betting operator 888Sport has become the latest industry stakeholder to join betting integrity body ESSA. The 888 Holdings sports betting subsidiary will work with ESSA governance to further protect industry consumers from betting fraud and further help fight betting-related corruption in sport. ESSA governance was pleased to welcome a further high profile bookmaker to its ranks. …
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Having reported a ‘record breaking’ revenue performance for its H1 2016 results, the governance of 888 Holdings (888) has dismissed industry rumours of a potential merger with Rank Group (Rank). Following the failure of a Rank-888 joint consortium takeover bid for William Hill valued at £3.4 billion, the betting industry has been rife with rumours of a potential + £1.6 …
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Publishing its half year 2016 results (period ending 30 June), 888 Holdings governance has declared a record revenue performance driven by ‘outstanding casino and sports growth’. The FTSE-250 operator would post group revenues of $262 million up 19% on corresponding H1 2015’s $220 million. The firms record-breaking revenue performance would translate to a period EBITDA of $38 million (H1 2015: …
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The Times has reported that Rank Group governance are considering a £1.6 billion tie-up with 888 Holdings, following the pair’s failure to lure William Hill into a three-way merger. Following its H1 2016 results in which Rank would declare adjusted group profits of £77 million, CEO Henry Birch revealed to Reuters News that his firm was actively looking for potential …
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