Tag Archives: 888 Holdings

The Financial Times has reported that GVC Holdings Plc is prepared to offer £900 million ($1.3 billion) to acquire rival bwin.party Entertainment. The deal is set to compromise of a cash sum valued at 110 pence per share combined with a new stock issuance in the merged operator. . As bwin.party is the bigger business entity, the acquisition will be …

bwin.party Entertainment institutional investors Emerald Bay and Stinson Ridge are preparing to sell up to 50 million shares in the London FTSE online gambling operator. The large scale share sale by the investors represents a 6% stake in bwin.party. The news of the investor sale, saw bwin.party share price fall 11p to 94p (impact-10%). bwin.party governance stated that it was …

UK newspaper, The Daily Telegraph has reported that bwin.party CEO Norbert Teufelberger could cash in up to €24 million (£17 million) on the sale of the company to its interested suitors. The newspaper has reported that Teufelberger holds a reported 13 million shares in bwin.party plc stock, with a further 9.2 million in company share options. According to the Daily …

UK business news sources have reported that 888 Holdings are preparing a £1 billion takeover of igaming and sports betting operator bwin.party. The news, follows last Friday’s media conformation by rival operator GVC Holdings of its acquisition interest in purchasing bwin.party entertainment in its entirety. The 888 bid would likely be treated as a reverse takeover as bwin.party has a …

Following its Annual General Meeting (AGM), 888 Holdings confirmed a number of governance changes to its board. As confirmed at the start of 2015, 888 Holdings officially announced the retirement of Richard Kilsby as Executive Chairman after nine years’ service to the operator. Kilsby will be replaced by Brian Mattingley who steps down as company CEO to take over the …

Speaking to the Daily Telegraph 888 CEO Brian Mattingley has stated that company governance is on the lookout for potential acquisitions to boost its sports betting division and to replace lost earnings caused by Point of Consumption (POC) duty impacts. Mattingley who had turned down an acquisition offer from William Hill at the start of 2015, had on Tuesday announced …

Having announced a record breaking 2014 with all top line metrics recording growth, 888 Holdings Chairman Richard Kilsby outlined the operators governance changes following 888’s 2015 Annual General Meeting (13 May). Kilsby is set to retire following the general meeting, ending a tenure of 9 years as 888 Holdings Executive Chairman. Speaking at his final year end presentation Kilsby stated …

888 Holdings has announced ‘another record-breaking year’, as the operator posted its 2014 full year performance, with reported growth on all top line metrics. The igaming operator was able to record revenue increases in both of its key product divisions, as B2C saw a 11% jump to $391 million (FY 2013: $352 million) and B2B increased 32% to $64 million …

888 is seeking a PR agency to help optimise its UK marketing efforts and media relations. The operator sent a brief last week from its Israeli headquarters informing interested parties that 888 Holdings had begun its agency search process. Marketing news source PR Week reports that the PR tender process will be handled in-house by 888 Social Media and Offline …

888 Holdings senior management stated it was confident of beating 2014 market expectations, after posting a record revenue quarter – Q3 2014 – $114 million (£72 million) up 22% on Q3 2013: $94 million. 888’s positive performance had been driven by improved revenues generated  from its B2C online gambling division. The operator posted increased revenues throughout its B2C portfolio with …