Tag: 888 holdings
888 Sports Betting Slated for 3 More States in 2021
Three new agreements have been signed that will bring 888 sports betting to the states of Indiana, Iowa and Colorado in 2021. The Indiana operation will take place under an agreement with Caesars Entertainment at the Harrah’s Hoosier Park site, while in Iowa the license will be held by the Catfish Bend Casino. The Colorado brand will operate under the license of the Colorado Grande Casino. Yaniv Sherman, Senior Vice President Head of Commercial Development for 888 Holdings, said that “Expanding 888Sport.com into these three states represents another major milestone in our ongoing growth across the regulated U.S. online gaming…
888 Founder Killed in Plane Crash
888 Founder Killed… Young Son was With Him One of the co-founders of online gaming operator 888 Holdings, Shay Ben-Yitzhak, died this weekend in a small plane crash in Israel. He was 52. His 11-year-old son was with him on the plane, but thankfully he only sustained minor injuries. Local reports make no mention of anyone else on board, suggesting Ben-Yitzhak was piloting the aircraft. He was unconscious and was pronounced dead by medics at the scene. His son was conscious and airlifted to a local hospital in stable condition. Rescue teams said it was not immediately clear what caused…
888 Holdings Fined Over $10 Million from UKGC
The UK Gambling Commission has issued 888 Holdings a fine of more than $10 million as a result of “failings” in its handling of vulnerable customers. In a statement published earlier on the UKGC website, the national regulatory body said the fine represents a record financial penalty and follows the discovery of “significant flaws” in 888’s social responsibility processes. The UKGC, which announced in May that it was to review 888’s UK license, found that a technical failure in the operator’s systems meant over 7,000 customers who had chosen to self-exclude from the casino and sport platform, as well as…
888 Holdings Mulls Move to Malta After Brexit
In an annual report by one of the world’s most popular online gaming operators & platform providers, 888 Holdings PLC Company, it was stated that they were considering a possibility that post-Brexit, they may have to move their headquarters from Gibraltar to Malta. In the report, they highlighted the various risks that the European online gaming industry faced. One of them is currently the uncertainty of Brexit as most of their business is presently drawn from the UK. Although they stated they were considering moving their headquarters and license away from the Rock, they will still retain some presence there….
888 Holdings CEO: Let PokerStars enter U.S. market
Las Vegas Review Journal – The chief executive of European online gaming giant 888 Holdings said Wednesday that rival PokerStars should be allowed to operate in the United States now that the company is being sold for $4.9 billion to a Canadian Internet wagering firm. The comments by 888 CEO Brian Mattingley differ dramatically from online industry rivals and various state lawmakers, who have moved to ban PokerStars from entering legal U.S. gaming jurisdictions. PokerStars, which forfeited $731 million to federal prosecutors in 2012 to settle a civil complaint, accepted online wagers from Americans after the activity was ruled illegal…
888 Holdings Sees 30% Growth In Pre-Tax Profits
Poker News – 888 Holdings, the parent company of 888poker, recently announced record breaking revenue and pre-tax earnings for the financial year ending December 31, 2013. The company’s revenue increased by 7% from $375.8 million in 2012 to $400.5 million in 2013 thanks to a 7% increase in poker revenues ($87.5 million to $93.6 million) and a 15% increase in casino revenues ($165.5 million to $190.4 million). These substantial year-over-year increases more than offset a 16% decline in bingo revenue ($51.8 million to $43.7 million) to achieve record breaking revenue to the company. The company’s profit before tax increased by…