888 Holdings is exiting the US sports betting market after a brief run that included a, now defunct, partnership with a legacy media brand. Company officials said this week that they will be ditching their deal with Sports Illustrated, packing up their bags, and heading back to England due to the hyper-competitive nature of regulated…
888 Holdings has named gaming industry veteran Per Widerström as their new Chief Executive. Widerström brings more than 17 years of international gaming industry experience to the position and is taking one of the UK's larges - a company that is known for massive success and few recent missteps. Widerström's most recent position was as…
888 CEO Itai Pazner is exiting the company in the wake of an internal probe revealed anti-money laundering (AML) and Know Your Customer (KYC) failings related to Middle Eastern VIP players. Pazner has not been accused of any personal wrongdoing in the matter, though the story is developing. Pazner's departure is the first bit of…
From the dawn of the internet gambling era, the African continent has remained one of the great untapped gambling markets on the planet. Last week, 888 Holdings took a major step towards opening that market as its 888 Africa brand launched in four, key African markets, Kenya, Tanzania, Mozambique and Zambia. 888Africa was launched in…
888 shareholders overwhelmingly approved the company's decision to acquire William Hill's non-US assets in a blockbuster deal worth £1.95 billion ($2.34 billion USD) from Caesars. It's a big move that greatly enhances 888's footprint in the UK market, and puts a few billion extra dollars into Caesars' coffers. The deal has been in the works…
The National Football League (NFL) is one of the most iconic brands in all of sports and its image evokes both a storied past and a dynamic present. That's why 888Sports was more than happy recently when it extended its sponsorship deal with the NFL in the UK and Ireland. It's a deal that will…
UK gaming giant 888 is finalizing a deal to purchase the UK assets of William Hill from Caesars Entertainment and, according to published reports, will be getting those assets at a much smaller price than was originally anticipated. 888's road to William Hill started last year when Caesars Entertainment purchased William Hill for $4 billion.…
2021 was supposed to be the year that the world started getting back to "normal". But for 888 Holdings, 2021 leaned more towards extraordinary than ordinary as the company clocked a whopping $980.1 million in revenue and saw massive growth in almost every sector. 888 CEO Itai Pazner declared 2021 "a very successful year" and…
888 Holdings is shutting down its New Jersey-based sportsbook 888Sport ahead of the launch of a re-branding to a Sports Illustrated (SI) sportsbook in 2022. The move is part of a partnership deal with SI's parent company Authentic Brands Group (ABG) that was inked in June of 2021. Under the terms of the deal, 888…
888 Holdings has announced that it will be selling its Dragonfish online bingo unit to Broadway Group’s Saphalata Holdings Ltd in a deal worth $54 million. The deal reflects a larger effort by 888 Holdings to focus on its core casino and sports betting divisions and a drift away from B2B services. Broadway Group’s Saphalata…
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