Tag Archives: 888

Evoke Plc has opened year trading on stable and expected results, as it continues to address challenges and conditions impacting its UK and Ireland units of William Hill and the 888 group of brands. Of significance Q1, the LSE gambling group has achieved key Q1 integrations and upgrades, to secure a further £15-£20m in annualised costs savings to be accounted …

Kenny Alexander and Lee Feldman have launched legal action against the UK Gambling Commission (UKGC), alleging a “misuse of private information.” The former CEO and Chairman of GVC Holdings (formerly Entain Plc) filed their case under “Part-53 of the Media and Communications Claims.” London law firm Slateford represents Alexander and Feldman in this legal challenge. Though the exact details of …

Evoke Plc has returned its online unit to growth but has chosen to revise down its full-year guidance due to weaker revenues and adjusted EBITDA forecast. The LSE gambling group published its H1 interim results in which it detailed that Q2 trading was broadly stable sequentially on a year-on-year basis, helping the firm make strategic progress on its value creation …

Evoke Plc has confirmed the appointment of Anne Sewell as the new Chief People Officer (CPO) of the reorganised LSE gambling group. An expert in the management of global HR transformation projects for mass market enterprises, Sewell joins the Evoke executive team from Dentsu, where she served as CPO of Asia’s biggest advertising and media conglomerate. Updating investors, Evoke underlined …

888 Holdings has formally changed its business identity to Evoke Plc, as approved by the shareholders of the LSE gambling group. At yesterday’s AGM, shareholders unanimously voted 99.7% in favour of the name change to Evoke Plc. The directive to change the LSE gambling group’s identity was proposed in March alongside the firm’s full-year 2023 results. Evoke Plc was proposed …

The board of 888 Holdings has secured terms to refinance £400m of senior secured debt notes held by the LSE gambling group. Updating markets, 888 announced that bondholders will allow the wholly owned subsidiary 888 Acquisitions Limited to offer a £400m debt notes issuance to the GBP capital markets. The transaction is expected to proceed on Thursday 9 May with …

888 Holdings has detailed a positive start to year trading, as the LSE gambling group prioritises the objectives of its Value Creation Plan (VCP). Publishing a Q1 trading update, 888 revenues stand at £431m, with results tracking slightly above the £420-430m guidance outlined by FY23 Results on 26 March 2024. Improved headline results carry notice that “the Group continues to …

888 Holdings declares that it has established the foundations for future sustainable growth under new company leadership, which will lead the business under its new identity as Evoke Plc. This morning the LSE gambling group published its full-year 2023 accounts, registering ‘reported’ corporate revenues of £1.71bn, up 38% on FY2022 comparative results of £1.23bn. However, pro-forma trading marked 888’s revenue …

The board of 888 Holdings has informed markets that the UK Gambling Commission (UKGC) will take no further regulatory action against the LSE-listed gambling group. This morning, 888 issued a corporate update announcing that the Gambling Commission had completed its license review, initiated in July 2023 due to regulatory concerns raised on FS Gaming’s investment in the LSE firm. Investors …

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 …