Tag Archives: 888 Holdings

888 defends Mattingley reappointment despite investor concerns

Online gambling group 888 Holdings has defended its decision to put non-executive chairman Brian Mattingley up for re election, citing Mattingley’s wealth of experience within the gambling industry as a key factor.  The decision follows on from a meeting with investors in which 21% voted against re-election of Mattingley at the company’s annual meeting in May. Mattingley’s re-election faced opposition …

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888 recovers UK traction following costly H1 2019 trading

London-listed online gambling group 888 Holdings Plc detailed strong ‘strategic progress’ on its corporate strategy and tech initiatives, as the company adjusts to new regulatory demands across multiple operating markets. Publishing its interim 2019 results (period ending 30 June), 888 recorded a group revenue increase of 2% to $277 million (H1 2018: US $273m) as the company underlined a ‘continued recovery of its …

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888 confirms Mark Summerfield as Audit Chair

London-listed online gambling group 888 Holdings Plc has strengthened its governance advisory by confirming the appointment of Mark Summerfield as a new Non-Executive Director. An expert in the auditing and financial planning of large-scale enterprises, Summerfield is the former Partner and Global Head of Gaming for ‘big-4’ accountancy KPMG (2003-2017). During his executive tenure at KPMG, Summerfield further served as …

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SBC announces new inductees for Sports Betting Hall of Fame

Sports Betting Hall of Fame 2019

The Sports Betting Hall of Fame will add six new industry pioneers to its roster next month at the Betting on Sports conference. Former Sky Betting & Gaming CEO Richard Flint, Bet365 CEO Denise Coates, Boylesports Founder & CEO John Boyle, former 888 CEO John Anderson, and Playtech PBS CEO Armin Sageder will all be inducted into the Hall of …

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888 Holdings’ Guy Cohen on purchases, PASPA and poker

888

Guy Cohen, SVP, Head of B2C at 888 Holdings, discuss his company’s BetBright deal, operating in the newly regulated US sports betting market, and making plans to restore poker to its former glory. SBC: You have been on an acquisition spree lately. Can you explain the philosophy behind this, particularly regarding your BetBright purchase? GC: Sport was the missing link …

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888 Holdings attributes revenue growth to sports division

As part of its trading update for the period from 1 January to 18 May 2019, online gambling group 888 Holdings has reported “strong momentum” across its operation in global regulated markets. Growth, according to the update, was largely driven by sport – which saw a 29 per cent jump for the period – while the group’s Casino branch also …

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888 completes £18m Mandalay acquisition

Online gambling group 888 Holdings has completed its previously announced £18m takeover of number of JPJ Group brands, which include Costa Bingo, City Bingo and Sing Bingo. In February, 888 agreed to acquire a number of digital bingo brands from the Jet Management Group and Jet Media, which form the basis of the Mandalay operating unit. As a result of …

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888 reports “sweeping changes” amid UK woes

Online gambling group 888 Holdings has reported record earnings throughout 2018 in its full year report, despite trying to navigate a tricky regulatory landscape across its core UK market. The group reported a two per cent decrease in its overall Group Revenue from $541.8m (£415.3m) in 2017 to $529.9m (£406.1m). The operator put this down to the increased competition in …

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888 integrate BetBright into group following acquisition

Following the takeover of Irish operator BetBright earlier in the week, it has been clarified that the BetBright’s Dublin headquarters were to be integrated into the 888 group, and that players would have 30 days to access accounts to withdraw funds or winnings. As a goodwill gesture, 888 announced that any bets placed on the BetBright platform for the Cheltenham …

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BetBright ceases operations “on a permanent basis” following 888 takeover

Following its acquisition by operator 888 Holdings earlier this week, Irish betting operator BetBright has ceased its gambling operations to customers “on a permanent basis”, according to a statement on the platform’s website. Customers will still be able to gain access to BetBright accounts for a period of 30 days which will allow for the withdrawal of funds or winnings. …

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