Tag Archives: Lord Mendelsohn

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 …

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 …

888 Holdings has announced its most significant directorate change since the William Hill acquisition, seeing CEO Itai Pazner vacate his leadership position. The firm explained in an update this morning that Pazner, who has served as CEO since January 2019, will also step down as an Executive DIrector of the FTSE100 gambling group. As the company initiates a search for a …

888holdings has confirmed the appointment of three Non-Executive Directors (NEDs), as the firm looks to consolidate its position following the completed takeover of William Hill. The international gambling group announced this morning that Andrea Gisle Joosen, Andria Vidler and Randy Freer would join the Board as Independent NEDs, each having accumulated experience across a range of sectors.  In the aftermath of …

888 Holdings has moved a step closer to finalising its acquisition of William Hill’s UK and European assets, as the company’s shareholders approved the merger by a vast majority.  Following the conclusion of its Extraordinary General Meeting, 888 revealed that 99.73% of shareholder votes cast were in favour of the takeover, representing 306,997,411. In contrast, 819,264 (0.27%) voted against, with …

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 …

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 …

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 …

2020’s Autumn months held no respite for betting leadership, as the sector was placed at the forefront of global business headlines reporting on inbound changes be it through regulatory challenges, M&A or leadership changes… SBC – Politics and M&A make global betting the headline maker…  The betting industry’s autumn proceedings begun with further political maneuverers centred around the UK government’s …

888 Holdings has filed a notice with the London Stock Exchange, confirming that Lord Jonathan Mendelsohn will replace Brian Mattingley as its designate company chairman. The appointment of Lord Mendelsohn as new chairman is scheduled to take place at 888’s next annual general meeting in May 2021, with Mattingley officially resigning from all governance duties.  In its notice, 888 highlighted …