Tag Archives: 888 Holdings

Playtech Plc has secured a major technology agreement to supply its live casino suite and further RNG games to 888 Holdings’ North American subsidiaries.  The partnership will begin with a roll-out of Playtech Live casino games on the 888Casino platform licensed for the state of New Jersey. The 888Casino brand has operated in New Jersey since 2019 as one of …

The upcoming SBC Summit North America at the Meadowlands Exposition Centre, New Jersey, will witness a star-studded speaker line-up that will deliver a comprehensive overview of the fundamental opportunities and challenges in the region.  SBC Summit North America is the leading conference and tradeshow dedicated to the online betting and iGaming industry in the United States and Canada. The agenda …

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 …

888 Holdings expects its 2022 interim revenues to be “broadly” in line with corporate expectations, as the FTSE250 igaming group navigates a tougher European regulatory climate. In process of finalising its £2 billion acquisition of William Hill – 888 expects interim revenues to be between £330-and-£335 million range, for the six months to 30 June. The board of 888 noted …

The White Paper on the 2005 Gambling Act review has been highly anticipated for some time now, with a government announcement expected earlier this spring. With reports circulating in the press as to the result of the over one-and-a-half year-long process, UK Gambling Commission (UKGC) CEO Andrew Rhodes issued an update on progress whilst addressing the Westminster Media Forum Gambling …

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 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 …

888 Holdings has detailed that both its B2C and B2B operations suffered a substantial decline during first quarter trading, citing a number of factors impacting the FTSE250 group’s commercial performance.    Publishing a trading update for Q1 2022, 888 detailed a year-on-year corporate revenue decline of 18% to $224 million (2021: $273m) –  a percentage decline which was mirrored by  its …

The board of 888 Holdings has notified investors that it has reached an agreement with Caesars Entertainment to amend the terms of its acquisition of William Hill.  Citing a change in macroeconomic conditions and regulatory/compliance factors since the deal was initiated on 9 September 2021, Caesars has agreed to lower its enterprise valuation of William Hill from £2.2bn to £1.95/ …

888 Holdings has backed plans to launch 888AFRICA as a joint venture business, expanding the FTSE250 firm’s presence within ‘select regulated African markets.’ This morning, 888 confirmed that it had “invested in a minority stake in 888AFRICA, with the option to increase its control, and ultimately own up to 100% of the venture in the future”. The business will be …