The Betting and Gaming Council (BGC) has completed the first Training Day for the Gambling Anti-Money Laundering Group (GAMLG), in a bid to drive high standards and encourage best practice. Topics of discussion during the day-long session was consideration of key emerging risks, best practice and developments, which the standards body stated was a reflection of ‘the diversity of compliance …
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Howard Mittman to lead 888’s stateside operations
As the firm continues to increase its focus on the expanding North American betting and gaming market, 888 has announced Howard Mittman as President of its US operations. In his new role at 888, Mittman will be responsible for coordinating the Gibraltar company’s strategic partnership with Authentic Brands Group (ABG), in addition to the rollout of the group’s SI Sportsbook …
Read More »888 posts 18% revenue decline ahead of William Hill integration
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 …
Read More »888 nets £250m deal reduction on William Hill takeover terms
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/ …
Read More »FSB secures ‘another leap forward’ in North America with Ontario approval
FSB has further expanded its international presence, securing regulatory approval from the Alcohol and Gaming Commission of Ontario (AGCO), as the provincial betting space continues to grow. In doing so, the London-based software developer has become one of the first betting and igaming suppliers to secure a Gaming Related Supplier licence in Ontario. The firm is preparing to be licence-ready …
Read More »Kambi ‘will not stand still’ after navigating 2021 trading hurdles
Kambi Group has asserted that it will maintain momentum on its international development and investment strategy in 2022, after overcoming hurdles in the Netherlands and with regards to some of its operator partners. Publishing its full year trading results for 2021, the group revealed a 38% increase in revenue to €162.4 million, (2020: €117.7m), whilst profit before taxation stood at …
Read More »888 backs Christopher Coyne led AFRICA joint venture
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 …
Read More »888 unifies flagship brands with Made to Play
888 Holdings has debuted ‘Made to Play’, its new multi-media advertising campaign that “unites the 888casino, 888sport and 888poker brands under a single brand position”. The ‘global master campaign’ showcases 888’s 25-year experience at the forefront of igaming innovations and entertainment, in which it has become one of the market’s most dominant and trusted players. Of significance, Made to Play …
Read More »888 expands North American vision securing Ontario greenlight
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 …
Read More »888 advertising complaints against YouTuber rejected by ASA
Complaints against YouTuber Callum Airey for featuring two advertisements for 888 on his channel in August 2021 have been dismissed by the Advertising Standards Authority (ASA). The two complainants in question challenged that the ads – which were primarily focused around the 888poker product – were being directed against those aged below 18, maintaining a belief that the YouTuber had …
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