Tag Archives: william hill

888holdings has confirmed the appointment of three Non-Executive Directors (NEDs), as the firm looks to consolidate its position following the completed takeover of William Hill. The international gambling group announced this morning that Andrea Gisle Joosen, Andria Vidler and Randy Freer would join the Board as Independent NEDs, each having accumulated experience across a range of sectors.  In the aftermath of …

The financial uncertainty and volatility of global markets continue to impact the online gambling sector as 888 Holdings is reportedly struggling securing investors to back its £1bn bond.  During H1 trading, 888 proceeded to issue a £1bn debt bond, needed to finalise its £1.9bn takeover of William Hill’s UK and international units from Caesars International.    The debt bond, made-up of …

888 Holdings has transformed its business, completing the acquisition of William Hill’s UK and International units from Caesars Entertainment for £1.95 billion – a deal initiated in September 2021.  This morning, 888 announced that it had begun its integration of William Hill and Mr Green – new brands that will serve alongside the group’s B2C portfolio of 888 and SI …

Gaming Innovation Group (GiG) has signed new partnerships in Spain and Portugal, strengthening its position in the Iberian markets.  In Portugal, the B2B betting and gaming software provider has entered into an agreement with Caravel Entertainment Limited (Caravel), the operator behind the Moosh.pt online brand.  Terms of the deal – signed between GiG subsidiary Sportnco Gaming and Caravel – will …

William Hill has confirmed that Ulrik Bengtsson has stepped down as Chief Executive of the company, which expects to complete its sale to 888 Holdings on 1 July. Issuing a statement, Bengtsson told investors that he had accomplished the objectives of his leadership tenure, which saw William Hill internationally diversify its business, followed by its £3 billion sale to Caesars …

888 Holdings expects its 2022 interim revenues to be “broadly” in line with corporate expectations, as the FTSE250 igaming group navigates a tougher European regulatory climate. In process of finalising its £2 billion acquisition of William Hill – 888 expects interim revenues to be between £330-and-£335 million range, for the six months to 30 June. The board of 888 noted …

A strong field at this week’s Royal Ascot is expected to result in a large number of accumulators placed throughout the week, according to BusinessDay. Consulting some of the UK’s leading bookmakers, the business news site stated that firms are anticipating an ‘avalanche of accumulator bets’ throughout the five days of the festival. In particular, Baaeed in the Queens Anne …

Pressure is mounting on Poland’s Ministry of Finance to undertake a review of its gambling tax structure, revitalising income generated from licensed bookmakers.     A cross-party Sejm (lower parliament) committee representing ‘Polish consumers and entrepreneurship’, had announced that it has submitted a proposal advising the Ministry “to abandon the 12% turnover tax applied to sports betting.” The Committee has advised the …

Gaming Innovation Group (GiG) and William Hill have come to an agreement, with the igaming software provider powering the UK bookmaker’s launch into Latvia. The partnership has seen GiG construct Wiliam Hill’s new online offering for the country using its igaming frontend framework, designed to provide an ‘attractive, user-friendly and competitive’ sports betting and casino product.  GiG set an objective …

Spelinspektionen – Sweden’s Gambling Inspectorate – has notified that the William Hill subsidiaries of Evoke Gaming and Mr Green Limited have received fines totalling SEK 1.45 million (€140K). The fines concern the subsidiaries failure to match the inspectorate’s standards on key operator reporting duties. “The companies have for a long time had shortcomings in their reporting and what has been …