Tag Archives: Itai Pazner

888 Holdings cites confidence in achieving its full-year 2021 financial objectives, as the FTSE250 group readies its business for a transformative end-of-year trading period finalising its acquisition of William Hill Plc. Publishing its Q3 trading statement, 888 maintains its strong trading momentum against tough period comparatives, reporting group revenues of $230 million up 7% on 2020 corresponding results of $216 …

As this morning 888 Holdings is declared the winning bidder of Caesar Entertainment’s auction of William Hill’s non-US assets – uncertainty remains as to the future of the heritage bookmaker’s retail unit and how it will reshape betting’s presence on the high-street.   The deal will enable 888 to quadruple its market share, becoming the third-largest group operator in the UK …

888 Holdings CEO Itai Pazner has confirmed the ‘hugely exciting acquisition of William Hill’s non-US business from Caesars Entertainment for £2.2bn.  The deal, news of which broke earlier this week, is expected to deliver ‘significant operating efficiencies’, including pre-tax cost synergies of at least £100 million per year, which 888 says will lead to improved profit margins. On a pro …

888 Holdings is reportedly the winning party of the hotly contested auction for William Hill’s combined UK and European business assets – put up for sale by Caesars Entertainment.  As reported by The Times, Caesars has accepted a +£2 billion buyout offer put forward by 888, out-bidding US private equity fund Apollo Global as the auction’s last remaining suitor.    Coordinated …

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 …

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 …

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 …