#Itai Pazner

Latestly

Online Gambling Operator 888 Has Suspends VIP Customer Accounts in the Middle East After a ...

Team Latestly |Jan 30, 2023 03:36 PM IST Online gambling operator 888 has suspends VIP customer accounts in the Middle East after a failure in compliance protocols, with Itai Pazner immediately stepping down https Bloomberg (@business) January 30, 2023 (SocialLY brings you all the latest breaking news, viral trends and information from social media…

Industry ・ 30 January 2023

USA Tales

The biggest deals in the iGaming industry at the end of 2022

The interactive gaming industry is growing and the capitalization of this sector has increased significantly over the past few years. If previously many were sure that online gambling would not exceed the sphere of land-based casinos in terms of capitalization, today everything is going exactly to that. The COVID-19 pandemic, which made online…

Industry ・ 11 January 2023

Gambling Insider

The winners of the Global Gaming Awards London 2022

As always, KPMG in the Crown Dependencies has independently adjudicated the Awards process, which employs voters from across the industry, including leading executives and CEOs. The voting process followed a window of self-nominations and recommendations by our esteemed Nominations Panel, before the wider team at Gambling Insider reviewed all…

Industry ・ 11 December 2022

Finsmes

888 Holdings Sells Bingo Branch to Broadway Gaming

Leading British gambling operator 888 Holdings recently confirmed the sale of its bingo business to Broadway Gaming Group. After completing a strategic review of bingo, 888 agreed a $50 million deal for one of the biggest bingo sites UK including its exclusive technology, assets and consumer-facing brands. 888's bingo business currently operates on…

Bingo ・ 29 October 2022

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This Is Money

888 revenues slip as bookmaker blames tightened gambling regulations

Bookmaker 888 has blamed new online safety regulations in Britain for a 7 per cent fall in revenues in its third quarter. Total revenues fell to £449million, which the group also pinned on the closure of its Netherlands operations, as UK online income from its William Hill business fell 14 per cent to £125million. Retail revenue from William Hill,…

Finance ・ 18 October 2022

Gambling Insider

Gambling revenues: Europe on the road to recovery?

It's been a busy time for financial results within the gambling industry, with the likes of Flutter Entertainment, Entain, 888 Holdings, LeoVegas, NeoGames and Table Trac all publishing either Q2 or H12022 results last week alone. But these results have not all been favourable, with many companies continuing to fight against the implications caused…

Finance ・ 16 August 2022

The Guardian

UK gambling firms’ revenue falls, but cost of living crisis not deterring punters

The owners of gambling companies including Paddy Power, Betfair and William Hill have reported a plunge in revenues after implementing safer gambling initiatives - but said that the cost of living crisis is not slowing down punters' betting habits. London-listed Flutter, which owns Paddy Power, Sky Bet and Betfair, said that its UK revenues fell by…

Finance ・ 12 August 2022

This Is Money

888 Holdings shares plummet as online gambling is hit by slowdown

888 Holdings shares plummeted on Friday after the gambling group revealed a massive drop in profits. Pre-tax profits at the Gibraltar-based business tumbled by two-thirds to £14.4million in the first half of 2022 as loosening Covid restrictions and stricter safety measures led to a decline in Britons gambling online. Profits were also dented by…

Sports ・ 12 August 2022

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Casino Guru

Broadway Gaming completes acquisition of 888 bingo assets

888 Holdings has completed the divestment of its B2B and B2C bingo divisions, selling the assets to Saphalata Holdings, part of Broadway Gaming. The deal was originally announced at the end of last year when 888 and Saphalata Holdings agreed to the transaction estimated at $45.25m. The now-completed agreement is upending the bingo market in…

Bingo ・ 08 July 2022

Gaming Intelligence

888 completes online bingo sale to Broadway Gaming

London-listed betting and gaming operator 888 Holdings has completed the sale of its customer-facing and B2B bingo businesses for $45.25m. agreement last December, 888's online bingo businesses have been sold to Broadway Gaming subsidiary Saphalata Holdings for $43.25m, with a further $2m unconditionally payable in one year. 888 has also agreed to…

Bingo ・ 07 July 2022

Gambling News

Broadway Gaming Lost an Appeal over £4.9 Million Tax Refund

The First-tier Tribunal rejected an appeal filed by Broadway Gaming, a UK-based online gaming company, against Her Majesty's Revenue and Customs (HMRC) over a £4.9 million ($6.39 million) gaming tax refund. One of the main reasons the First-tier Tribunal dismissed the bingo and online casino operator's claim was Broadway Gaming's failure to provide…

Finance ・ 14 April 2022

Pokerfuse

888casino Ontario Launches with Tons of Slots, Live Dealer Games

Ontario is a large province with a population of more than 14 million people, many of whom are passionate sports and betting fans, and we see very exciting long-term growth opportunities in the market. While 888 was the only operator to launch in Ontario with products in all three verticals - online poker, casino, and sports betting - 888casino…

Live Gambling ・ 05 April 2022

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EconoTimes

888 Holdings: more than just a casino

At the outset, I feel it necessary to remind you what 888 Holdings is in the world of gambling. Firstly, it's an online casino that allows you to play Australia's best pokies (https/ ) and make real money from them. Secondly, it is a bookmaker that allows bettors from all over the world to bet on their favorite sports. And finally, it's a way to…

Covid ・ 02 April 2022

City A.M.

Gambling giant 888 launches African joint venture as online betting market swells

Gambling giant 888 makes a major move into the African market, signing an agreement with industry specialists to form 888Africa. This joint venture will operate 888 brands in regulated online betting and gaming markets within the continent. The content will be offered via a third-party tech platform, with products and games designed for local…

Industry ・ 29 March 2022

Enfield Independent

Gambling firm 888 triples profits as online demand stays strong

Gambling giant 888 has tripled its profits for the past year as online casino demand remained strong following the pandemic. Itai Pazner, chief executive officer of the firm, hailed 2021 as a "very successful year" for the company. The group, which bought William Hill's European business last year, said it has been buoyed by 18% revenue growth…

Gaming Authorities ・ 09 March 2022

Daily Mail Online

Sky Vegas fined almost £1.2m after sending recovering addicts `free spins´

Sky Vegas has been fined £1.17 million by the gambling watchdog for sending'free casino spins' promotions to recovering addicts. The Gambling Commission said Sky Vegas, which is owned by betting giant Flutter, sent an offer of'Bet £5 get 100 free spins' to 41395 people who had voluntarily self-excluded in an effort to stop gambling. In November,…

Bonuses ・ 09 March 2022

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Gambling News

Gaming Realms Acquires Ontario Supplier License, Gets Ready for the Launch

Gaming Realms has gained a supplier's license in Ontario via its subsidiary Alchemybet Limited just ahead of the launch of the iGaming market in the province, which is scheduled for April 4, 2022. Thanks to the license, it will be able to supply games, which is a huge development and opportunity for Gaming Realms. The reason why this is such a huge…

Gaming Authorities ・ 09 March 2022

Enfield Independent

888 posts 14% sales rise after online casino demand rises in lockdown

The online gambling firm 888 posted a jump in revenues for 2021 after getting a boost from higher online casino demand during the pandemic and changes to regulations in growing markets. The company's shares dipped slightly in early trading, as it also confirmed a slowdown in activity during the latest quarter. The Gibraltar-based business said…

Covid ・ 18 January 2022

This Is Money

Casino gaming helps 888 achieve a 'record' year of revenue

Gambling company 888 Holdings has posted a record year of trade despite a slowdown in the fourth quarter, thanks to handsome growth in casino gaming. The Gibraltar-based group saw its revenue surge by 14 per cent to $972million last year, with around three-quarters of takings deriving from its regulated and taxed markets, which include the UK,…

Finance ・ 18 January 2022

Online Bingo

888 to sell all bingo operations including Dragonfish in £38m deal

Gambling firm 888 Holdings has announced that it is to sell its online bingo operations in a deal worth US$50m. The deal announced today will see all of 888's bingo brands, as well as its Dragonfish bingo software, acquired by Saphalata Holdings, a company that is part of UK bingo giant Broadway Gaming Ltd. 888 came to the decision to sell its…

Bingo ・ 22 December 2021

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888 sells its entire online bingo business to Broadway Gaming, focuses on core markets

Broadway Gaming Group's Saphalata Holdings announced Wednesday the acquisition of the entire online bingo business units of 888 Holdings for a total consideration of $50 million. Under the new agreement, Broadway Group will integrate 888's Dragonfish B2B holding, and multiple B2C operators, including its technology, assets, operations, clientele…

Bingo ・ 17 December 2021

Vegas Slots Online

888 Holdings to Sell Bingo Business in a Deal Worth $50m

888 Holdings has announced that it is selling its bingo business for $50m. The global gambling group announced the sale of all of its B2B and B2C bingo businesses to Saphalata Holdings on Wednesday. The buyer is a part of Broadway Gaming, a group of online casino and bingo platforms. a possible earnout worth as much as $4m The total consideration…

Bingo ・ 15 December 2021

Reuters

Gambling firm 888 to sell Bingo to focus on core business, U.S. ops

Dec 15 (Reuters) - British gambling firm 888 Holdings Plc (888.L) said on Wednesday it would sell its Bingo business to a unit of UK-based Broadway Gaming Group for $50 million, as it focuses on its core offerings and the U.S. market. The online betting company, which undertook a strategic review of Bingo, said the sale encompasses all of the unit,…

Bingo ・ 15 December 2021

Vegas Slots Online

William Hill to Shutter Three Online Casino Brands in 2022

William Hill will ditch three of its online casino brands - EuroGrand, 21Nova, and Casino Club - in early 2022 as part of a strategic move to concentrate on its core brands. [Image: Shutterstock.com] William Hill has decided to wind down three of its online casino brands as part of a "strategic decision" to concentrate instead on its core brand…

Industry ・ 25 November 2021

Enfield Independent

Casino activity helps boost 888 quarterly revenues

Online gambling firm 888 Holdings said its revenues improved over the past three months as it was boosted by strong online casino activity. Chief executive Itai Pazner described it as a period of "outstanding strategic progress" after 888 secured a £2.2 billion deal to buy William Hill International last month. The group said total revenues rose by…

Finance ・ 19 October 2021

Gambling Insider

"First ever 24-hour bingo app" as Live Play Bingo launches

A new social gaming platform developer has claimed it has become the first publisher to launch a 24-hour, live hosted social casino game with its debut title, Live Play Bingo; the social bingo app fused with a live TV game show, exclusively to mobile devices providing a combination of TV formats with real human bingo hosts, (25 to be exact,…

Bingo ・ 10 September 2021

Business Live

Online gambling group 888 to buy William Hill’s international operations

Online gambling company 888 Holdings is buying the international operations of bookmaker William Hill after seeing off rival bids from private equity. The deal gives the businesses an enterprise value of £2.2bn, according to a statement. Las Vegas casino giant Caesars Entertainment bought William Hill in April to secure its US assets and is selling…

Mobile ・ 10 September 2021

Casino News Daily

Entain Eyes William Hill’s Non-US Gambling Arm as New Acquisition Target

Gambling powerhouse Entain is mulling making a bid for William Hill's non-US assets which the British bookmaker's new owner, Caesars Entertainment Inc., is looking to offload. In a recent interview, Entain's CEO, Jette Nygaard-Andersen, said that they plan to look at William Hill's UK and European operations and possibly table an offer for…

Industry ・ 08 August 2021

South Florida Reporter

Top 3 Largest Gambling Companies in the U.S. [New Case Study]

You have reached the ultimate list of the most outstanding gambling companies, curated by our financial experts. In this guide, you will get access to insights from three of the largest casino companies that have revolutionized the way we gamble. The best part? You will get a complete overview of the history of the gambling industry and how it has…

Poker ・ 09 July 2021