Tag Archives: 888

Itai Frieberger promoted to CEO at 888

Online gaming operator 888 has promoted Chief Operating Officer Itai Frieberger to the position of CEO, a move that has seen Executive Chairman Brian Mattingley move into a non-executive role with immediate effect. Frieberger has been Chief Operating Officer of 888 since 1 April 2011 and joined the Board on 13 May 2015. Mattingley commented: “We are delighted to announce the …

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888 shuts down Lucky Ace Poker brand

888 Holdings has confirmed the closure of online poker room Lucky Ace (www.luckyacepoker.com). The brand will be terminated by 28 December, with its existing player base migrated to 888’s main poker product 888poker.com. The defunct poker brand had been in service for eight years, primarily used by 888 to target the German market. In November 888 had halted new customer …

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November Wins as NYX Gaming gains Tier 1 partnerships

NYX Gaming boosts content coverage with tier 1 operator partnerships The month of November has seen Toronto Listed online gambling software and content supplier NYX Gaming announce tier 1 games partnerships with European operators Paddy Power, 888 and Mybet. NYX Gaming will extend its industry supplier profile, by sealing games content agreements with 888 and Paddy Power, which will see …

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888 reports strong momentum in sports betting

888 Holdings has seen like for like revenue increased by 9% to US$244.9m for the first half of the year, helped in a small part by a strong performance in its fledgling sports betting business. Adjusted EBITDA at the firm decreased by 17% to US$40.9m, but the firm has billed this as an impressive result given the introduction of UK …

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Revenues drop but EBITDA up for Bwin.party’s H1

Bwin.party CEO Norbert Teufelberger has not ruled out recommended a takeover offer from GVC Holdings, but wants the firm to work on its bid. Until then, the board is continuing to support 888 Holdings’ original bid. He commented: “We have been working with GVC and their advisors to try and help them resolve certain key aspects of their proposal, something …

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Analysts believe ‘Betty Power’ won’t be the last major merger deal

The markets have responded positively to today’s announcement by Paddy Power and Betfair that they are considering a merger. Betfair shares jumped 18%, while Paddy Power’s have increased by more than 15%. In contrast, the share prices of competitors William Hill and Ladbrokes have dropped on the news. Writing in the FT’s Lombard column, Jonathan Guthrie said that the merger …

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William Hill cites tax increases for £21m drop in profits

William Hill CEO James Henderson has described the past six months as a period of ‘significant regulatory and taxation change for the industry’ as the bookmaker reported a 30% drop in profits after tax to £69.5m. Despite group net revenue marginally growing, even against 2014 World Cup comparatives, operating profit dropped 12% to £155.7m for the first half. Group net …

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888 takes lead in the battle for £898.3m bwin.party

888 Holdings has trumped rival bidder GVC Holdings by agreeing a deal to buy fellow operator bwin.party for £898.3m. The deal was announced to the stock market this morning. It’s a huge achievement for the casino operator, given that before the announcement 888 had a market capitalisation of approximately £570.8m. 888 believes that the deal will provide significantly enhanced scale, …

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Portuguese online gambling bill sees operators exit market

The 28 June introduction of the Online Gambling Bill by Portugal’s Council of Ministers has seen the announcement of market exits’ by 888, Betfair and bet365. All three operators sent market exit communications to players, affiliates and media partners this week in order to inform them of their decision to no longer offer services and to detail account withdrawal procedures. …

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Spain welcomes new operators & licensed slots play

Spiffbet

A major update by the Spanish gambling regulator, La Dirección General de Ordenación del Juego (DGOJ), has seen the awarding of 10 new operator licenses for entry into the Spanish regulated market The DGOJ confirmed that European companies Eurobet, Merkur Interactive, SKS365 and Net Ent were amongst the operators and service providers granted license approval for market entry. The update …

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