Bragg Gaming Group has signed a new global distribution agreement with betting and gaming company 888 Holdings. The collaboration with 888 Holdings – which owns William Hill, 888, Mr Green and SI Sportsbook – is an extension of an existing partnership. Bragg’s content is expected to go live with William Hill in the UK, Mr Green in Italy, Sweden …
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888 Holdings has found a new CEO in Per Widerström, who assumes executive leadership of the international group as it navigates tricky market and regulatory conditions. Widerström will commence CEO duties from 16 October 2023 onwards, taking responsibility for leadership of the company’s multinational portfolio of brands, including the 888 betting and igaming divisions, William Hill and Mr Green. The …
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The Board of 888 Holdings has confirmed this afternoon that it has terminated all ongoing discussions with FS Gaming Investments LLC. FS Gaming is the investment vehicle of former GVC Holdings (formerly Entain Plc) leadership duo Kenneth Alexander (CEO) and Lee Feldman (Chairman) – who last month acquired a 6.5% stake in the LSE Gambling Group. Further to the investment, …
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888 Holdings has confirmed the appointment of Ben Hurst as Vice President of North American Expansion. Hurst will be charged with overseeing North American strategic growth opportunities for 888 as well as the SI Sportsbook and SI Casino brands, as part of a US partnership with Authentic Brands Group. A seasoned US sports executive, Hurst has formally served as the …
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The board of 888 Holdings has vowed to return the business back to shareholder growth by implementing a new corporate strategy prioritising capital efficiencies and debt reductions. This morning, the LSE gambling group posted a jam-packed full-year 2022 trading results alongside a Q1 2023 update outlining new corporate measures to optimise its enlarged business incorporating William Hill. FY2022 group revenues …
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The Gibraltar Gambling Commissioner (GGC) has taken regulatory lead on the compliance failures disclosed yesterday by the board of 888 Holdings Plc. AML and KYC failings were notified to the GGC, the regulator in which 888 holds its operating licence and resides its headquarters. Issuing a statement, the Gibraltar Commissioner said it would be “reviewing and discussing the outcome of …
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The Board of 888 Holdings has agreed to maintain Yariv Dafna as Chief Financial Officer (CFO), who will no longer depart the company on 31 March, 2023. The decision was disclosed to the London Stock Exchange (LSE), further to this morning’s announcement that CEO Itai Pazner had resigned from all executive duties. Shares have plummeted by approximately 20% in the …
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The narrative that gambling would see a ‘return to normalised trading’ was short-lived by 2022’s rude awakening, as once more, business was forced to adjust to the realities and concerns of a globalised world. 2021 ended on the unsatisfactory note that the UK government had failed to deliver its White Paper of gambling reforms, which would be delayed to the …
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The board of 888 Holdings has provided a group financing update alongside its Q3 2022 trading results, published this morning. Enlarging its business by acquiring William Hill UK and International units, 888 carries a long-term debt structure across instruments with maturities ranging from five-to-six years. The FTSE250 operator announced that it had entered a “series of hedging arrangements” to fix …
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888 Holdings maintains a confident year-end outlook as its enlarged business continues to adjust to enhanced UK online player safety measures and its temporary withdrawal in the Netherlands Publishing its Q3 trading update, 888 registered group revenues of £449m, down 7% on comparative Q3 2021 results of £484m. The group’s enlarged online portfolio of 888, William Hill UK and William …
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