#Itai Pazner

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888 has announced that Itai Pazner is immediately leaving office as CEO and as a Director, with the group also suspending VIP activities across certain markets.

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Gambling Insider

The winners of the Global Gaming Awards London 2022

KPMG in the Crown Dependencies has independently adjudicated the Awards process. The voting process followed a window of self-nominations and recommendations by the Nominational Panel. Gambling Insider reviewed all submissions.
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This Is Money

888 revenues slip as bookmaker blames tightened gambling regulations

888 revenues fell 7% in the third quarter to £449m. UK online income from William Hill business fell 14%. Retail revenue from the William HIll acquisition was the only segment not to decline. The company expects fourth quarter revenues to be similar to the same period last year. Share price fell 4% to 86.55p in early trading. Year-to-date losses are 71.4%. Itai Pazner is pleased with integration of the company with William J Hill. He expects it to benefit the adjusted EBITDA margin for the second half of this year, which is up to 5%.
Finance
888 revenues slip as bookmaker blames tightened gambling regulations
Gambling Insider

Gambling revenues: Europe on the road to recovery?

Flutter Entertainment, Entain, 888 Holdings, LeoVegas, NeoGames and Table Trac all published either Q2 or H1 2022 results last week. The results have not all been favourable, with many companies continuing to fight against the implications caused by the Covid-19 pandemic, while others have struggled for various other reasons.
Finance
Gambling revenues: Europe on the road to recovery?
The Guardian

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

UK gambling firms’ revenue falls, but cost of living crisis not deterring punters. London-listed Flutter, which owns Paddy Power, Sky Bet and Betfair, said its UK revenues fell by 4% year on year in the first six months. Online gambling company 888, acquired William Hill International in a £2.2bn deal last year, reported a quarter fall in UK revenue to £121m in first half. The company implemented measures to tackle problem gambling, such as £10 limits on slot machine stakes and introducing mandatory deposit limits for all customers under 25 years of age.
Finance
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 £14.4m in the first half of 2022. New safety controls and reopening of betting shops hit online gambling.
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888 Holdings shares plummet as online gambling is hit by slowdown
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Casino Guru

Broadway Gaming completes acquisition of 888 bingo assets

888 Holdings has completed the divestment of its B2B and B 2C bingo divisions to Saphalata Holdings. Broadway Gaming will focus on sports betting and iGaming. The company's latest financial update confirmed that the business had been doing well through the period ending on February 28, 2022. 888 has been actively looking to pivot towards new markets while doubling down on its existing operational reach. The CEO Itai Pazner will double down the integration of the recently acquired William Hill assets in Europe. William HIll was sold to Caesars Entertainment.
Bingo
Broadway Gaming completes acquisition of 888 bingo assets
Gaming Intelligence

888 completes online bingo sale to Broadway Gaming

888 Holdings has completed the sale of its customer-facing and B2B bingo businesses for $45.25m to Broadway Gaming subsidiary Saphalata Holdings. The bingo business generated gaming revenue of $25 million in the first half of this year and $54 million last year. Broadway will continue to provide transitional services for a period of up to 12 months from completion. Broadway's portfolio of binging brands includes Butlers Bingo, Glossy Bingos, Rosy Bings, Dotty Bingers and Bingocats.
Bingo
888 completes online bingo sale to Broadway Gaming
Pokerfuse

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

888casino launched in Ontario on Monday. It was the first day of the legal, regulated market for online poker, sports betting, and online casino gaming in the province. Other launches on Day One included well-known brands in US, Caesars, FanDuel Casino, Coolbet, LeoVegas, Royal Panda. Ontario online casinos are available to eligible players aged 19 and older.
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888casino Ontario Launches with Tons of Slots, Live Dealer Games
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Enfield Independent

Gambling firm 888 triples profits as online demand stays strong

888 has tripled its profits for the past year. The group bought William Hill's European business last year and has been buoyed by 18% revenue growth across its core European markets. It also highlighted strong increases in sales across growth markets, which include Canada, Ireland and Romania. It comes a week after 888 was fined £9.4 million by the Gambling Commission over a number of failings.
Gaming Authorities
Gambling firm 888 triples profits as online demand stays strong
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Online Bingo

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

888 Holdings is to sell its online bingo operations in a deal worth US$50m. Broadway Gaming Ltd. will buy all 888's bingos and its Dragonfish bingly software. The deal is debt- and cash-free. It is expected to be completed in the second quarter of 2022. 8888 will provide transitional services to Broadway over the next 12 months. i.e. it will focus on its core platforms like its casino and sportsbook brands. and developing a growth strategy focused on the US market.
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Yogonet

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. Broadway will integrate 8 88's Dragonfish B2B holding and multiple B 2C operators. The transaction is expected to be completed in the second quarter of 2022. It will be dependent on reorganization of bingos and the new structure of this holding receiving a UK Gambling Commission license. 868's CEO ItaiPazner is grateful for the hard work of his team over the years.
Bingo
888 sells its entire online bingo business to Broadway Gaming, focuses on core markets
Vegas Slots Online

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

888 Holdings is selling its bingo business to Saphalata Holdings for $50m. The buyer is a part of Broadway Gaming, a group of online casino and bingo platforms. 888 will provide transitional services to Broadway for up to a year after the deal is completed.
Bingo
888 Holdings to Sell Bingo Business in a Deal Worth $50m
Reuters

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

888 Holdings Plc will sell its Bingo business to Broadway Gaming Group for $50 million. The deal will be on a cash- and debt-free basis. Bingos business will focus on its core offerings and the U.S. market. In September, 888 agreed to buy William Hill's non-core business outside the United States from casino group Caesars.
Bingo
Gambling firm 888 to sell Bingo to focus on core business, U.S. ops
Business Live

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

888 Holdings is buying the international operations of bookmaker William Hill for £2.2bn. Caesars Entertainment bought William HIll in April. The reverse takeover gives 888 more scale to capitalise on a surge in demand for digital gambling during the pandemic. It will also add WilliamHill's 1,400 betting shops. 868 plans to keep the remaining Williamhill shops open. The two businesses will work on creating a joint management team. Analysts estimate the WilliamHill deal will roughly quadruple its size. They say the new combined entity would have earned $664m in the financial year to March 2021.
Mobile
Online gambling group 888 to buy William Hill’s international operations
Casino News Daily

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

Entain is considering making a bid for William Hill's non-US gambling arm. Caesars Entertainment Inc. acquired William HIll last month in a £2.9 billion deal. Entain's CEO Jette Nygaard-Andersen wants to look at WilliamHill's UK and European operations. The non the US business includes a network of betting shops across the UK as well as UK online gambling operations and accounted for over 80% of the company's sales in 2020.
Industry
Entain Eyes William Hill’s Non-US Gambling Arm as New Acquisition Target