Tag Archives: 888 Holdings

Issuing a corporate statement, 888 Holdings has moved to challenge Germany’s Federal Administrative Court (Bundesverwaltungsgericht) ruling upholding online gambling service restrictions. Through one of its affected group subsidiaries, 888 is set to undertake its appeal against the Bundesverwaltungsgericht ruling which upheld an order prohibiting the provision of online gaming services in the German state of Baden-Württemberg (southwest, upper Rhine). “After consulting with legal …

The governance of FTSE250 listed 888 Holdings, is assessing its future strategic options as regulatory charges of $50 million have drastically impacted the firm’s full-year 2017 profits. Publishing its FY2017 results, 888 reported a 4% group revenue increase to $541 million, supported by the double-digit growth of its sports betting division up 45% to $75.5 million (FY2016: $51.9 million). Despite …

India-based research group ReportsnReports.com has documented a new study on the rise of the global sports betting industry, with the research forecasting growth at a compound annual growth rate (CAGR) of 8.62% over the next four years. The report, entitled Global Sports Betting Market 2018-2022, argues that the major driver of this market growth is the sports industry’s digital revolution. …

London listed online gambling group 888 Holdings has moved to strengthen its governance advisory, confirming the appointment of Anne de Kerckhove as a new non-executive director. A seasoned media technologies and gambling executive, Kerckhove is currently the chief executive digital subscription firm Iron Group. Kerckhove has prior industry experience having served as International Managing Director of gaming systems provider Inspired …

Updating the market, London-listed online gambling group 888 Holdings has confirmed the promotion of Itai Pazner to the executive position of Chief Operations Officer (COO). A sixteen-year company veteran, Pazner takes over leadership of 888 group operations, having most recently served as Senior Vice President of 888’s B2C division. Reporting directly to 888 Holdings Chief Executive Itai Frieberger, Pazner will …

Shares in FTSE250 online gambling group 888 Holdings have tumbled following reports that the O Shaked family have sold their entire stake in the company this week. Yesterday the O Shaked Share Trust, which represents family members of deceased 888 Co-Founder Aharon Shaked initiated a sell-off of 46 million shares (12.9% equity) at a target price of 243 pence apiece. …

888 Holdings has become one of the first operators to offer its services on Google Play after the company’s Android app store relaxed a long-standing ban on gambling and betting apps. As reported earlier in the summer, Google has changed its policy to allow gambling operators to present their real-money games on the Google Play store. The decision, which reverses …

The European Union Court of Justice (CJEU), the EU’s principal law court has ruled against the motion set by The Gibraltar Betting & Gaming Association (GBGA), that the British overseas territory of Gibraltar should be treated as an independent tax jurisdiction. The GBGA had set its EU legal dispute against the UK government relating to ‘Point-of-Consumption (POC)’ taxes introduced in …

The Shaked Family the largest shareholders in 888 Holdings, have earned a reported £108 million by selling 40 million shares in the FTSE250 listed online gambling group. The family executed its share sale last week at a value of £2.70 per share and will see the combined Shaked shareholding reduced to 37% of equity. Israeli business news sources report that …