Tag Archives: 888 Holdings

888 Holdings maintains confidence in achieving its full-year revenues and earnings expectations ’, as ‘tougher comparatives approach during the second half of year trading, in light of ‘exceptionally strong performance in both betting and gaming revenues during 2020’. Publishing its H1 Interim results 30 June, total group revenue increased by 39% in comparison to $528 million (H12020: $379m), as 888 …

888 Holdings has cited confidence in achieving its 2021 growth objectives, as the company enters a crucial H2 trading period aware of numerous dynamics impacting its commercial performance. This morning, the LSE-listed online gambling group published a pre-close Q2 trading update, anticipating group revenues of $257 million – up 20% on 2020 corresponding results of $214 million. The revenue uplift …

William Hill has made the first steps into expanding into the burgeoning South American gambling landscape, building on its acquisition of Alfabet SAS to launch in Colombia. The acquisition of Alfabet was initially conducted in December 2020, in a deal which saw the then Gibraltar and UK-based operator acquire a majority stake in the company which has operated the BetAlfa.co …

The leadership of Entain Plc is closely monitoring the planned sell-off of William Hill’s UK and European assets by new owner Caesars Entertainment.  Group CEO, Jette-Nygaard Andersen, disclosed to Bloomberg that the FTSE100 firm was looking at the possibility of acquiring William Hill’s UK/European divisions, which are set to be divested by Caesars Entertainment as new owner of the heritage …

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 …

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 …

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 …

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 …

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 …

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 …