Tag Archives: 888

888 Holdings has detailed a positive start to year trading, as the LSE gambling group prioritises the objectives of its Value Creation Plan (VCP). Publishing a Q1 trading update, 888 revenues stand at £431m, with results tracking slightly above the £420-430m guidance outlined by FY23 Results on 26 March 2024. Improved headline results carry notice that “the Group continues to …

888 Holdings declares that it has established the foundations for future sustainable growth under new company leadership, which will lead the business under its new identity as Evoke Plc. This morning the LSE gambling group published its full-year 2023 accounts, registering ‘reported’ corporate revenues of £1.71bn, up 38% on FY2022 comparative results of £1.23bn. However, pro-forma trading marked 888’s revenue …

The board of 888 Holdings has informed markets that the UK Gambling Commission (UKGC) will take no further regulatory action against the LSE-listed gambling group. This morning, 888 issued a corporate update announcing that the Gambling Commission had completed its license review, initiated in July 2023 due to regulatory concerns raised on FS Gaming’s investment in the LSE firm. Investors …

888 Holdings has cited a direct impact of £80m on its corporate income due to its “proactive shift away from dot-com markets”. The impact was declared by the LSE gambling group publishing its pre-close statement on 2023 trading, described as a “year of significant regulatory and compliance headwinds.”  Closing year-end trading, 888’s Q4 revenues stood at £424m, a 7% decrease …

888 Holdings has hired Ian Gallagher as its Chief Product Officer. Starting the role back in December, Gallagher will be in charge of 888’s product vision, strategy and development of its global brands and business units such as 888, William Hill, Mr Green and Sports Illustrated. Gallagher will be directly responsible for the LSE gambling group’s teams of product managers, engineers, designers, and …

888 Holdings has notified investors that its KPI performance remains consistent with corporate expectations, as the LSE gambling group reported a 10% decline in Q3 revenues to £405m (Q3 2022: £450m).  As anticipated by the firm’s September update, Q3 trading saw group performance dragged by ongoing safer gambling compliance changes and a refined marketing approach, impacting the performance of its …

888 Holdings has made another round of adjustments to its senior leadership as the company works to reduce debt amid a growth of its international business. Following the leadership reshuffle, Lord Mendelshon will take on additional duties as a member of the group’s Nominations Committee upon resuming his role as Non-Executive Chair of the FTSE100 gambling group. Further changes will …

888 Holdings has confirmed the appointment of Sean Wilkins as inbound Group Chief Financial Officer (Group CFO) of the LSE gambling group. Issuing a corporate statement, 888 notified investors that Wilkins will join the company’s executive management team on 1 February 2024. A seasoned finance officer, Wilkins joins 888 from CEE gambling group Super Bet, the market leading bookmaker of …

Lord John Mendelsohn has stated that 888 Holdings will soon prove “the compelling and strategic logic” of its corporate enlargement, as detailed to investors in 2021. In his role as Executive Chairman, Mendelsohn addressed investors following the publication of 888’s H1 2023 interim results. Improved H1 trading saw 888 register a 3x jump in EBITDA to £155m. Yet, its business …

888 Holdings Plc has reaffirmed its full-year corporate guidance as the LSE gambling group navigates a period of multiple transitions impacting its business and future outlook.   Publishing its H1 2023 interim trading results, 888 registered a 165% surge in corporate revenues to £881m (H1 2022: £332m) as headline growth was attributed to “the addition of William Hill following completion of …