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Industry
September 20, 2024
Evoke Apologizes for Tone-Deaf Social Media Comment about Exploding Pagers
Following the pager explosions in Lebanon, Evoke’s Israeli social media account posted a very questionable vacancies advert. The Exploding Pagers and Walkie-Talkies Hurt Thousands of People Several days ago, thousands of handheld pagers and walkie-talkies used by the Lebanese organization Hezbollah exploded. The incident had been set up by Israeli intelligence, which intercepted the shipment […]
Business
May 13, 2024
888 Rebrands as Evoke as Shareholders Approve New Identity
Gambling powerhouse 888 announced that it has officially completed its rebranding as evoke. The new identity is meant to better reflect the company’s multi-brand operating model and mission to provide cutting-edge entertainment to players. The move received almost unanimous approval as approximately 99.8% of shareholders voted in favor of the group’s name change. As evoke, […]
Business
May 7, 2024
888 Continues Deleveraging, Refinances £450M of Debt
International gambling giant 888 announced the successful pricing of £400 million senior secured notes. The move, which will mark 888 Acquisitions Limited’s debut issuance into the GBP debt capital market, is expected to be completed on May 9. According to 888, the offering of the notes will be exempt from the usual registrations requirements outlined […]
Business
April 19, 2024
888 Publishes Q1 Report, Targets Growth in Q2
Global gaming powerhouse 888 has published its trading update for the first quarter of the year (the three-month period ended March 31), reporting a slight increase in overall revenue. The company’s report highlighted group revenue of £431 million ($535.8 million), a figure that exceeds the £420-430 million guidance outlined in the company’s previous report. The […]
Business
March 26, 2024
888 Confirms FY 2023 Results, Expresses Optimism about 2024
Gambling group 888 has posted its FY 2023 results, highlighting its performance in the year ended December 31. The figures confirm some of the figures first announced in January. In 2023, 888 recorded revenue of £1.71 billion ($2.16 billion) – a figure that was affected by the company’s dotcom exits, safer gambling-related changes in the […]
Business
March 26, 2024
888 Unveils Potential Rebrand Following FY 2023 Results
London-listed gambling operator 888 has unveiled a comprehensive value creation plan (VCP) following its full-year 2023 results, which saw a significant 38% increase in reported revenue. The company has outlined priority targets for the upcoming year, revealing potential changes such as a rebranding to evoke plc, subject to shareholder approval at the 2024 AGM. Ongoing […]
Business
March 6, 2024
888 Initiates US B2C Strategic Review with Sale or Exit as Outcome
British sportsbook and gaming company, 888 Holdings, has announced the termination of its partnership with Authentic Brands Group, through which it had licensed the Sports Illustrated (SI) brand for its casino and sportsbook efforts. At the same time, the leading betting and gaming company with globally recognized brands like 888, William Hill, and Mr Green […]
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 […]
