Tag Archives: William Hill International

888’s corporate transformation continues as bingo business sold to Saphalata

SBC News 888’s corporate transformation continues as bingo business sold to Saphalata

888holdings has completed the sale of its B2B and B2C Bingo business to Saphalata Holdings, a major development in its corporate restructuring.  A member of the Broadway Gaming Group, Saphalata initially agreed to buy 888’s Dragonfish brand for a total cash consideration of $45,25 million (£37.4m) back in December 2021.  The transaction saw $45.25m payable on completion of the deal …

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Ulrik Bengtsson stands down as CEO of William Hill as 888 takeover nears completion

SBC News Ulrik Bengtsson stands down as CEO of William Hill as 888 takeover nears completion

William Hill has confirmed that Ulrik Bengtsson has stepped down as Chief Executive of the company, which expects to complete its sale to 888 Holdings on 1 July. Issuing a statement, Bengtsson told investors that he had accomplished the objectives of his leadership tenure, which saw William Hill internationally diversify its business, followed by its £3 billion sale to Caesars …

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888 pursues shareholder approval to create ‘global gaming leader’

SBC News 888 pursues shareholder approval to create ‘global gaming leader’

888 Holdings has issued an update on the progress of its acquisition of William Hill in a prospectus on the development, detailing the timetable and risk factors involved.  Approved by the Financial Conduct Authority (FCA), the prospectus explained that the international gambling group will hold an Extraordinary General Meeting on 16 May to seek approval from its shareholders. Although the …

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888: A responsible gambling strategy in tandem with market growth

SBC News 888: A responsible gambling strategy in tandem with market growth

888 Holdings has detailed growth across a range of existing and current markets, but has underscored a need to focus on safer gambling in tandem with this expansion – particularly following its recent fine in the UK.  Breaking down the company’s 2021 trading results in the 888 full year earnings call yesterday, CEO Itai Pazner focused on developments in Europe …

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888 anticipates closure of William Hill acquisition in Q2 2022

SBC News 888 anticipates closure of William Hill acquisition in Q2 2022

888 Holdings has updated that the full completion of its takeover of the non-US assets of William Hill and William Hill International will take place in the second quarter of 2022. Additionally, Q2 2022 will also see the international gambling group publish a combined circular and prospectus for the acquisition and capital raise, with a shareholder vote scheduled to follow.  …

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Kaltcheva joins Pronet as new CTO to oversee developer expansion

SBC News Kaltcheva joins Pronet as new CTO to oversee developer expansion

Pronet Gaming has appointed Nedda Kaltcheva as its Chief Technology Officer, with the task of overseeing the expansion of the company’s developers as it seeks to enhance its technological offering.  The new appointee will be primarily based in Pronet’s recently opened office in Sofia, Bulgaria, where Kaltcheva will work to mobilise resources to deliver on the company’s expansion plans and …

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William Hill appoints Nedda Kaltcheva as international Tech lead 

SBC News William Hill appoints Nedda Kaltcheva as international Tech lead 

William Hill Plc has confirmed the executive appointment of Nedda Kaltcheva as Chief Product and Technology Officer for the firm’s international business units. Kaltcheva, a former engineering lead for Stars Group Inc (2018-2019), joins William Hill’s Malta division from Palo Alto industrial logistics solution provider Manna, where she formerly served as European CTO. In her executive remit, Kaltcheva will lead …

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