888: Share price tumbles after gambling boss quits amid money-laundering probe January 30, 2023 Itai Pazner, the boss of gambling giant 888, is to step down “immediately” from the top of the business which he has led for four years – just weeks after the firm’s chief financial officer walked. The firm announced the move to markets in a terse statement this morning. It also announced it had launched [...]
888: Finance boss quits as betting giant’s revenue is down January 13, 2023 Betting giant 888’s finance boss announced today he will step down as the betting giant’s revenue lag slightly behind last year’s levels. Yariv Dafna will step down in March after two and a half years at the company’s helm. The group – which owns retail and online brands such as William Hill, 888 and SI [...]
888 runs out of luck: Revenues drop as betting giant completes William Hill acquisition August 12, 2022 888’s revenue and profit fell in the second quarter as it completed the acquisition of betting company William Hill. The betting and gaming company suffered a 13 per cent revenue decline to £332.1m from £380.9m in the first quarter of last year. Stricter gambling laws in the UK and the closure of the Netherlands led [...]
Gambling giant 888 predicts drop in half year revenues as restrictions bite June 23, 2022 British gambling giant 888 said today it expected revenues for the half year to dip as it feels the impact of stricter gambling measures and a temporary withdrawal from the Netherlands.
Lucky hand: 888 to complete William Hill takeover by end of June following shareholder approval May 16, 2022 Gambling giant 888 is expected to complete its takeover of William Hill sometime “on or around” 30 June following a successful shareholders seal of approval.
888 shares soar amid William Hill bargain deal April 7, 2022 Gambling giant 888 has agreed a renewed price for its acquisition of William Hill, dropping from £2.2bn to £1.95bn, and reflecting the change in the "macro-economic and regulatory environment" since the deal was first announced.
Will Hill high street shops set for bidding war May 2, 2021 Caesars Entertainment is reportedly set to put Willian Hill’s non-American assets up for sale in the coming weeks. The Vegas giant bought the British high street stalwart in a deal worth just shy of £3bn last month, but is believed to be keen to offload the UK and European arms of the firm. Read more: [...]
UK court clears William Hill’s £2.9bn Caesars takeover April 20, 2021 William Hill today said its £2.9bn takeover by US casino group Caesars Entertainment had been cleared by a UK court despite shareholder protests. The bumper merger had been held up by a court hearing after minority shareholder HBK Capital Management raised concerns about disclosures relating to the deal. HBK and fellow US hedge fund GWM [...]
William Hill profits slump as betting giant takes pandemic hit March 4, 2021 British bookmaker William Hill, currently in the process of being acquired by Caesars Entertainment, posted a steep fall in profit last year. Its adjusted pre-tax profit fell 91 percent to £9.1m in 2020. The firm saw net revenue fall by 16 per cent as the pandemic disrupted live sporting events and shut its betting shops. [...]
Covid drives £30m loss at William Hill betting shops January 13, 2021 William Hill suffered a £30m loss in its retail business in 2020, with all 1,414 of its shops affected by coronavirus restrictions. When open and trading without restrictions the retail side of the betting business traded well, and at the end of the third quarter it was on course to break even for the year. [...]