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 …
Read More »
Suzy Sliwczynski Marketing Manager at user experience and digital consultancy Global Reviews breaks down sports betting brand factors with regards to consumer intent and engagement on desktop and mobile experiences. In an ultra-saturated market does branding count towards a consumer’s final choice and purchase? _____________________ When placing a bet online, there are many considerations that punters go through when they …
Read More »
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: …
Read More »
888 Holdings Plc and The Rank Group Plc are withdrawing their proposal for a three way merger with William Hill, citing an inability to ‘meaningfully engage’ with the bookmaker’s board on the issue. 888 CEO Itai Frieberger said: “We are disappointed that the board of William Hill did not share our vision of the combined businesses. We believe that there …
Read More »
The board of William Hill Plc has moved to reject the £3.3 billion takeover bid proposed by the strategic consortium of Rank Group and 888 Holdings. Quick to reject Rank and 888’s offer which was formally issued this afternoon, William Hill governance stated that the proposed deal ‘substantially undervalued’ its corporate enterprise, choosing not to forward the bid to its …
Read More »
Updating the market this morning, William Hill governance has stated that it will ‘listen to and consider’ any formal takeover offer put forward by the Rank Group and 888 Holdings consortium. At present, William Hill governance has confirmed that it has received ‘a highly preliminary approach from 888 and Rank’, regarding a potential three-way merger. The operator has further informed …
Read More »
The Sunday Times has reported that the governances of Rank Group and 888 Holdings have entered ‘relatively advanced’ negotiations to form a £2 billion merger. Rank and 888 governances are expected to issue market updates on Monday outlining merger discussions, as the UK gambling industry sees further consolidation. As yet, little is known of how the merger transaction will be …
Read More »
Online gaming operator 888 has promoted Chief Operating Officer Itai Frieberger to the position of CEO, a move that has seen Executive Chairman Brian Mattingley move into a non-executive role with immediate effect. Frieberger has been Chief Operating Officer of 888 since 1 April 2011 and joined the Board on 13 May 2015. Mattingley commented: “We are delighted to announce the …
Read More »
888 Holdings has confirmed the closure of online poker room Lucky Ace (www.luckyacepoker.com). The brand will be terminated by 28 December, with its existing player base migrated to 888’s main poker product 888poker.com. The defunct poker brand had been in service for eight years, primarily used by 888 to target the German market. In November 888 had halted new customer …
Read More »
NYX Gaming boosts content coverage with tier 1 operator partnerships The month of November has seen Toronto Listed online gambling software and content supplier NYX Gaming announce tier 1 games partnerships with European operators Paddy Power, 888 and Mybet. NYX Gaming will extend its industry supplier profile, by sealing games content agreements with 888 and Paddy Power, which will see …
Read More »
SBC News Voice of the Sports Betting Industry