Tag Archives: 888

888 pledges to heal 2023 scars with new Executive Vision

SBC News 888 pledges to heal 2023 scars with new Executive Vision

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 …

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888 recruits Ian Gallagher as Chief Product Officer

SBC News 888 recruits Ian Gallagher as Chief Product Officer

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 …

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888 posts Q3 revenue slump hit by UK affairs

Per Widerström, 888 CEO

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 …

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888 rejigs Committee memberships as 2025 targets remain locked in

888

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 …

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888 appoints Sean Wilkins as inbound CFO

SBC News 888 appoints Sean Wilkins as inbound CFO

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 …

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Lord Mendelsohn: 888 can deliver on value creation of enlargement 

SBC News Lord Mendelsohn: 888 can deliver on value creation of enlargement 

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 …

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888 soothes growing pains as H1 losses mount to £33m

SBC News 888 soothes growing pains as H1 losses mount to £33m

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 …

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Bragg content to go live under extended 888 Holdings distribution deal

SBC News Bragg content to go live under extended 888 Holdings distribution deal

  Bragg Gaming Group has signed a new global distribution agreement with betting and gaming company 888 Holdings. The collaboration with 888 Holdings – which owns William Hill, 888, Mr Green and SI Sportsbook – is an extension of an existing partnership. Bragg’s content is expected to go live with William Hill in the UK, Mr Green in Italy, Sweden …

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Former Fortuna CEO Per Widerström to take the helm of 888

Per Widerström, 888 CEO

888 Holdings has found a new CEO in Per Widerström, who assumes executive leadership of the international group as it navigates tricky market and regulatory conditions. Widerström will commence CEO duties from 16 October 2023 onwards, taking responsibility for leadership of the company’s multinational portfolio of brands, including the 888 betting and igaming divisions, William Hill and Mr Green. The …

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888 ends Alexander and Feldman approach as UKGC warns of licence suspension 

SBC News 888 ends Alexander and Feldman approach as UKGC warns of licence suspension 

The Board of 888 Holdings has confirmed this afternoon that it has terminated all ongoing discussions with FS Gaming Investments LLC.  FS Gaming is the investment vehicle of former GVC Holdings (formerly Entain Plc) leadership duo Kenneth Alexander (CEO) and Lee Feldman (Chairman) – who last month acquired a 6.5% stake in the LSE Gambling Group. Further to the investment, …

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