Tag Archives: Itai Frieberger

888 confirms CEO change as Pazner replaces Frieberger as corporate leader

Issuing a corporate filing, London-listed online gambling group 888 Holdings has this morning disclosed that Itai Frieberger will step down as Chief Executive Officer (CEO), transferring leadership of the company to Itai Pazner (COO). A 14-year 888 Holdings executive, Frieberger ends his three-year tenure as 888 CEO, with governance informing that he will take-on a directorship role undertaking a leadership …

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888 secures Swedish expansion

Online gaming operator 888 has been confirmed as the latest operator to secure a Swedish expansion after it landed a online gambling licence, which will allow it to offer casino, poker and sports betting in the country. The agreement was confirmed with a statement by 888, to its shareholders, with the operator now being listed among the licence holders on Lotteriinspektionen’s site. The full list of licensees can …

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Tech focused 888 confident of delivering on 2018 expectations

The governance of London-listed online gambling group 888 Holdings, has issued a ‘pre-close 2018’ trading statement detailing that it is confident of achieving its full-year corporate targets and expectations. “The second half of the financial year has seen 888 deliver further progress against the Group’s strategic objectives. Consequently, the Board remains confident that adjusted EBITDA for the full year will …

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Forward looking 888 adjusts to stricter UK regulatory environment

FTSE250 online gambling group 888 Holdings has posted its 2018 interim results (period ending 30 June) reporting a sharp decline in its UK revenue performance. 888 which is adjusting to all-around tougher European regulatory conditions, maintains group revenues of $273 million (H1 2017: $270 million), sustaining revenue performance across its B2C and B2B verticals. However, the FTSE enterprise reports an …

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888 launches NJ online sportsbook property

London-listed online gambling group 888 Holdings, has bolstered its active US portfolio launching its 888sports online sportsbook brand for the regulated state of New Jersey.   Updating the market, 888 adds online sports betting services to its existing online casino and poker verticals active within New Jersey since 2013. 888sports New Jersey property will be powered by the firm’s long-term …

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Our man in NJ… 888 relocates Yaniv Sherman to lead US expansion

888 Holdings has confirmed that it will relocate Yaniv Sherman, current Head of Group Commercial Development to its New Jersey strategic office. Sherman will be tasked with expanding 888’s commercial opportunities within the radically changed US gambling market post PASPA. An 888 executive since 2007, Sherman has led group-wide commercial initiatives and projects, for the London-listed online gambling group B2B …

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$50 million charges deep cut 888 Holdings 2017 results

The governance of FTSE250 listed 888 Holdings, is assessing its future strategic options as regulatory charges of $50 million have drastically impacted the firm’s full-year 2017 profits. Publishing its FY2017 results, 888 reported a 4% group revenue increase to $541 million, supported by the double-digit growth of its sports betting division up 45% to $75.5 million (FY2016: $51.9 million). Despite …

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‘Exceptional costs’ sees 888 record $17 million losses for H1 2017

A turbulent first half of 2017, has seen FTSE-listed online gambling group 888 Holdings declare pre-tax losses of $17.3 million (H1 2016: £21.5 million), with the company impacted by ‘exceptional costs’ of +$50 million recorded during the period. Updating investors, 888 governance reported that the costs would offset a ‘record’ H1 performance for the company, as 888 recorded key metric …

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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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Potential Brexit impacts see 888 assess Gibraltar operations

FTSE250 operator 888 Holdings (888) is considering alternatives to Gibraltar as its operational centre, should the British Overseas Territory be negatively impacted or restricted by Brexit. The governance of 888, are the first industry stakeholders to publicly view Brexit as a potential ‘future risk’ for its operations. Publishing its 2016 annual report, 888 detailed that Gibraltar’s current licensing remit remains …

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