Tag Archives: 888 Holdings

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 …

 The UK Gambling Commission (UKGC) has this morning disclosed that it has fined Sky Betting & Gaming (Sky Bet) £1.17 million fine for sending promotional emails to self-excluded customers. The penalty follows an “investigation outside of a licence review” that revealed that the Sky Vegas brand had communicated a ‘Bet £5 get 100 free spins’ offer to 41,395 self-excluded customers …

In light of recent fines levied against UK betting operators by regulatory authorities, Gambling Minister Chris Philp has argued that reform is “undoubtedly long overdue”. Ahead of the publication of the White Paper on the 2005 Gambling Act review, which the Minister asserted is due ‘very soon’, Philp spoke at the Gambling Reform Rally yesterday, organised by the Gambling Related …

888 Holdings has branded 2021 as a year of ‘strategic progress’, in which the company has realised its transformative objective to become a global leader in online betting and gaming.  Full-year 2021 trading saw 888 register record group revenues of $980 million, up 15% on corresponding FY2020 results of $850 million. Headline growth was achieved despite 888 countering “$70-100 million …

Apollo Global Management is still interested in expanding its foothold in the betting and gaming industry, according to reports from CNBC. The US business news outlet has stated that Apollo is in ‘preliminary discussions’ to merge its Yahoo Sports holding – the investment firm that purchased Yahoo last year – with sports betting companies, notably PointsBet.  According to CNBC’s sources, …

888 Holdings has significantly bolstered its North American growth prospects, confirming this morning that it is amongst the first foreign operators to secure an Ontario province licence.  Updating investors, the FTSE250 online gambling group confirmed that its B2C online gambling platform had been awarded an igaming licence by the Alcohol and Gaming Commission of Ontario (AGCO). Ontario’s online gambling market …

The UK Gambling Commission (UKGC) has ordered 888 Holdings to pay a penalty package of £9.4 million in relation to social responsibility and money laundering failures found across its network of brands.  This morning the Commission notified that licensee 888 UK Limited had been issued an official warning and will be required to undertake extensive independent audits. An investigation found …

​​888 Holdings hails ‘another record breaking year’, as the FTSE250 gambling group publishes its pre-close trading statement ahead of its transformative enlargement with William Hill.     Of significance, expansion within regulated markets offset German regulatory challenges for 888, as the firm detailed that a strong performance in four key markets helped drive revenue by 14% in 2021. Updating investors, the company …

888poker has signed middleweight boxer Chris Eubank Jr as a cultural ambassador, with the deal coinciding with the 20th anniversary of its launch.  In celebration of its two decades of operations, the 888 Holdings online poker brand intends to host various events over the next 12 months, including a series of player-focused sessions with the number one ranked middleweight.  The …

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.  …