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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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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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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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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Having reported a ‘record breaking’ revenue performance for its H1 2016 results, the governance of 888 Holdings (888) has dismissed industry rumours of a potential merger with Rank Group (Rank). Following the failure of a Rank-888 joint consortium takeover bid for William Hill valued at £3.4 billion, the betting industry has been rife with rumours of a potential + £1.6 …
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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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A morning of high industry M&A drama has seen William Hill’s board reject the revised consortium takeover offer put forward by Rank Group and 888 Holdings. The new offer presented to William Hill governance on Sunday would see 888 act as the acquiring entity for the ‘BidCo’ consortium. William Hill investors would be offered 199 pence in cash and 0.860 BidCo …
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Following the rejection of its £3.3 billion takeover offer by the William Hill board, on the grounds that its proposed bid ‘substantially undervalued’ its business. The Rank Group and 888 Holdings consortium have called for direct talks with William Hill governance, outlining the case for its three-way merger. Seeking to appeal to William Hill investors, Rank and 888 have today …
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Presenting its audited full-year 2015 results (period ending 31 December 2015), the governance of FTSE listed igaming operator 888 Holdings (888) has described 2015 corporate performance as resilient in facing imposed regulatory impacts. Outlining 2015 core metrics, 888 would post group revenues of $462 million (£320 million), 2% up on 2014’s $455 million. The operator noted that on a like-for-like …
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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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