Yggdrasil has announced that James Curwen is joining the group in October as CEO, after Bjorn Krantz signalled his intention to depart the role. Currently the Chief Online Officer of OPAP, Curwen will assume a leadership role that has been occupied by Krantz since April 2022, when he took over the Yggdrasil helm from Founder Fredrik Elmqvist. Despite the impending …
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Cherry AB subsidiary ComeOn Group has confirmed the appointment of Juergen Reutter as its new Chief Executive, effective immediately. Reutter has replaced Lahcene Merzoug as CEO of ComeOn after the executive confirmed he would be stepping down in Q3 of this year to pursue ventures outside of the igaming sector. A 20-year industry executive, Reutter is the former founder and CEO …
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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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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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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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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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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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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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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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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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