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Business
January 17, 2024
888 Records 8% Annual Revenue Drop in 2023
The UK-headquartered, leading betting and gaming company that acquired William Hill’s non-US business in 2022, 888 Holdings Plc, has published its post-close trading figures. The report indicates an 8% decrease in the group’s annual revenue for the full year 2023, emphasizing important drops in the UK online and global markets. The fourth quarter’s revenue reached […]
Business
January 12, 2024
888 Group Announces Job Cuts in Israel amid Global Restructuring
Online gambling giant 888 Group has confirmed a wave of job cuts in Israel as part of its broader organizational restructuring, impacting dozens of its regional employees. This move follows a similar round of layoffs in the country last January. Such events are rarely a good sign, but 888 should still be able to recapture […]
Business
January 8, 2024
888 Appoints Ex-Flutter Entertainment Exec Gallagher as CPO
Leading betting and gaming company that acquired the global, non-US business of William Hill in 2022, 888 Holdings, has appointed a new chief product officer (CPO) in the person of Flutter Entertainment’s former executive, Ian Gallagher. Gallagher to Lead “888’s Product Vision and Development” The new CPO’s responsibilities will include leading the group’s product vision […]
Business
December 4, 2023
Playtech Eyed a £700M Acquisition of William Hill
British gambling company William Hill has rejected a takeover attempt from Playtech, according to a report by The Sunday Times. The news outlet claimed that the latter company offered £700 million (approximately $887 million) for the acquisition. According to unspecified sources, Playtech tried to acquire William Hill in July. The former company may have sought […]
Business
November 16, 2023
888 Highlights Responsible Gaming Efforts Amid Safer Gambling Week
888, the company that acquired William Hill earlier this year, provided insights into its efforts to promote responsible gambling across its retail business during the ongoing Safer Gambling Week. According to the company, the initiative is a great opportunity to reflect on its progress. Mark McCaffrey, the company’s head of compliance policy, retail & sportsbook, […]
Business
November 9, 2023
DraftKings Contemplated 888 Holdings Takeover, Report Says
American sports betting giant DraftKings had considered a takeover of 888 Holdings amid the struggles experienced by the latter company. While the former company has not yet approached 888 with a takeover proposal, it mulled over the possibility and discussed the matter with 888 shareholders. According to a report by the Financial Times, DraftKings considered […]
Business
October 24, 2023
Widerström Spends $1.16M to Double 888 Shareholding
Per Widerström, the new head of 888 Holdings, has purchased over a million company shares, drastically increasing his stake. The move highlights the new CEO’s confidence in the value of the company’s shares and his conviction that the shares will rebound. Widerström’s latest move saw him spend £949,000 (approximately $1.16 million) on a total of […]
Business
October 16, 2023
Per Widerström Officially Assumes CEO Position at 888
Per Widerström, Catena Media’s former non-executive director, has begun work as 888 Holdings’ new chief executive officer. The appointment, which was announced earlier this year, will see the appointee relocate to London to stand at the head of the prestigious gambling company. Widerström boasts some 17 years in the online casino industry and has served […]
Business
September 28, 2023
888 Holdings Cautions Investors as Q3 Performance Falls Below Expectations
Leading betting and gaming group 888 Holdings has issued a cautionary statement to its investors, indicating that its Q3 performance may fail to reach initial expectations. The London Stock Exchange (LSE)-listed company remained optimistic that this downturn would remain temporary, expecting a swift recovery in 2024. This announcement closely mirrors that of Entain, signaling a […]
Industry
September 27, 2023
OpenBet Powers the First Sports Illustrated Sportsbook in Michigan
Leading gambling platform and services provider OpenBet has agreed to leverage its capabilities to facilitate the launch of Sports Illustrated Sportsbook’s first retail location. The brick-and-mortar sportsbook, which launches as a result of the partnership between Sports Illustrated and 888, will mark the former company’s foray into the retail sector. Sports Illustrated and its parent […]
