Tag Archives: 888

Gambling Commission bares its teeth with £7.8 million fine over 888’s social responsibility flaws

888, one of Britain’s biggest online gambling firms, is to pay a record penalty package of over £7.8m as a result of what the Gambling Commission has described as ‘serious failings’ in its handling of vulnerable customers. The action follows the discovery of significant flaws in 888 UK Limited’s (888) social responsibility processes, which aim to protect consumers from gambling-related …

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Strained 888 implements international ‘cost efficiency’ measures

The governance of FTSE-listed online gambling operator 888 Holdings Plc has begun an international streamlining process which will see the company reduce its staff headcount as 888 seeks to reduce day-to-day operational costs. Last week Israeli business news sources reported that 888 governance would concentrate its cost reduction strategy within its Herzliya North Tel Aviv district office, which houses the …

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888 Shakeds’ gain £108 million in family share sale

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 …

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David Clifton: Licensing Expert – UKGC review of 888 is not necessarily a 999 scenario

The shockwaves have subsided a bit since the 15 May announcement by 888 Holdings PLC that the UK Gambling Commission has commenced a review of the operating licence held by one of its subsidiary companies. The Commission has so far made no public comment on the subject but that is not unusual, as it will only announce publicly that it …

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Concerns arise for 888 operations as UKGC reviews firms self-exclusion provisions

FTSE-listed online gambling group 888 Holdings has informed the market and its investors that its UK operator licence is being reviewed by the UK Gambling Commission (UKGC) relating to the firm’s compliance provisions with regards to preventing problem gambling. The UKGC is set to evaluate whether 888 operates an effective self-exclusion process for its customers across its platforms.  Self-exclusion is the player protection …

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888 governance promotes Schwartz & Sherman to lead group specialist functions

888 Holdings has confirmed the senior executive promotions of Yaniv Schwartz and Yaniv Sherman who will oversee specialist functions within the FTSE-listed firm’s operations. Schwartz who has been with the operator since 2011, acting as Head of Dragonfish B2B gaming division will take on the specialist function on Head of Group Customer Risk Management. Moving forward Schwartz will lead 888 …

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Itai Frieberger – 888’s technology dynamics will meet future consumer multi-faceted demands

Presenting investors 888 Holdings full-year 2016 financial results, Chief Executive Itai Frieberger has stated that following a ‘fantastic year’, 888 now enters a crucial period in its existence as the company vows to compete in a ‘multi-faceted arena’. Updating corporate shareholders, Frieberger detailed that 888’s 82% profit increase was a testament to the firm’s governance strategy, focusing on a ‘continued …

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Flying High…strong 2016 sees 888 declare 82% profit increase

Driven by strong organic growth in its regulated market operations, the governance of FTSE250 online gambling operator 888 Holdings has labelled 2016 as ‘another fantastic year’. The continued growth of its B2C casino division, supported by a marked uplift in its sports betting wagering would see 888 declare group corporate revenues of US $520 million (FY 2015: $462million).  Closing its …

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Global Reviews: Monitoring sports betting brand impacts between mobile & desktop experiences

Suzy Sliwczynski Marketing Manager at user experience and digital consultancy Global Reviews breaks down sports betting brand factors with regards to consumer intent and engagement on desktop and mobile experiences. In an ultra-saturated market does branding count towards a consumer’s final choice and purchase? _____________________ When placing a bet online, there are many considerations that punters go through when they …

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888 declares ‘outstanding performance’ as company hits record revenues for H1 2016

Publishing its half year 2016 results (period ending 30 June), 888 Holdings governance has declared a record revenue performance driven by ‘outstanding casino and sports growth’. The FTSE-250 operator would post group revenues of $262 million up 19% on corresponding H1 2015’s $220 million. The firms record-breaking revenue performance would translate to a period EBITDA of $38 million (H1 2015: …

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