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Casino
June 15, 2023
Activist Investor HG Vora Reveals Stake in 888
Activist investor HG Vora Capital Management has announced its stake in the gambling group 888, following the recent disclosure by a group of former executives from rival bookmaker GVC, currently rebranded as Entain. Financial Times reported that the New York-based fund revealed that it holds a 5.5% stake in 888, with shares owned directly by […]
Business
June 13, 2023
888 Concludes Paf Deal, Divesting Its Latvian Properties
888 Holdings maintains its consolidation strategy, aiming to streamline operations and concentrate on strategic growth. The sale of its Latvian assets should allow the company to allocate resources more effectively. On the other hand, Paf regards the takeover as a long-term investment, cementing its position in the Baltic nation. The Deal Aligns with 888’s Restructuring […]
Business
May 22, 2023
Paf to Acquire 888’s Latvian-Facing Businesses in a $31M Deal
The leading betting and gaming company that is globally recognized with its brands that include Mr Green, William Hill and 888, 888 Holdings Plc, announced it has come to an agreement to sell its Latvian-facing business. In a deal for some €28.3 million ($30.6 million), the company agreed to sell its Latvian business to Paf […]
Business
April 27, 2023
888 Down a Senior Management Member as Sivan Finn Exits the Company
Finn’s departure comes during a tumultuous period for the company as it attempts to consolidate its revenue streams and tackle its rising debt. Such a shift in priorities might be one of the contributing factors to Finn’s decision to leave the gaming group. The former VP remarked fondly on her time with 888 but did […]
Business
April 14, 2023
888’s FY 2022 Report Reveals Mixed Results, Management Remains Optimistic
888 Holdings’ FY22 results and Q1 2023 trading update showed strong performance in key verticals, but UK and Middle East compliance issues dampened performance in these jurisdictions. The William Hill acquisition was a significant investment that had a transformative effect on the group, substantially improving its 2023 prospects. Overall, 888’s leadership stood by its earlier […]
Industry
March 29, 2023
William Hill’s Failings Reveal an Underlying Regulatory Weakness
As the effects of the £19.2 million fine continue reverberating across the gaming industry, Williams offers a new perspective on the situation, concluding with a warning to all operators considering investing in the UK. While 888 has agreed to pay up without much hassle and implemented substantial remedial measures, the data implies that William Hill’s […]
Industry
March 28, 2023
888 Is Prepared to Pay the $24M William Hill Fine
888, William Hill’s ownership company, released a statement regarding the fine imposed by the United Kingdom’s Gambling Commission. As the group had previously announced, it is prepared to take responsibility for its subsidiary’s past failures. Earlier today, the UKGC slammed the British operator with a £19.2 million ($23.67 million), the largest penalty it has ever […]
Legal
March 9, 2023
Upcoming William Hill Fine Adds to 888’s Woes
In 2022, the gambling operator 888 struck a deal with Caesars Entertainment to acquire all of William Hill’s non-US assets. However, this deal might prove to be disastrous for the former company. Not only were 888’s revenues undermined by the acquisition, but the company now how to face the result of William Hill’s regulation breaches. […]
Casino
March 2, 2023
Gaming Realms Adds Content to Sports Illustrated Casino in Michigan
This marks a significant opportunity for Gaming Realms, as the company continues to put a strong emphasis on its local markets in a bid to strengthen regional and global presence through a combination of market-specific solutions that are often forged with the help of feedback from 36 studios across the world. Great Supplier and a […]
Business
February 10, 2023
MGCB Green-Lights 888 to Become Hannahville’s New Platform Provider
The Michigan Gaming Control Board (MGCB), which is responsible for implementing, managing, and enforcing the Michigan Gaming Control & Revenue Act’s provisions, has given the green light to 888’s VHL Michigan subsidiary to turn into the Hannahville tribe’s new platform provider under the Sports Illustrated brand. Twin Spires Exited the Business in 2022 The Hannahville […]
