888 Holdings

Online Gaming Solutions

Media & Entertainment Technologies
Public on LSE on Sep, 2005<br>

Company Overview

Snapshot

Founded in January 1997 by Avi Shaked, 888 Holdings operates with over 1,000 employees. The company became public on the London Stock Exchange in September 2005. A significant milestone for the company was the completion of its acquisition of William Hill International in July 2022.

Business overview

888 Holdings is a provider of online gaming entertainment and solutions, offering a variety of consumer-facing websites that facilitate online gaming and community engagement. The company's core products include popular brands such as 888casino, 888poker, 888sport, 888ladies, and Wink Bingo. It serves the broader Media & Entertainment Technologies sector, specifically targeting the gaming industry with a focus on mobile gaming experiences.

Strategic signal

In March 2024, 888 Holdings announced the termination of its Sports Illustrated deal and plans to sell some US assets to Hard Rock Digital, signaling a strategic review of its US operations amidst intense competition. This move indicates a pivot in its market strategy, potentially focusing on more profitable or less competitive segments, and suggests a significant restructuring of its international presence to optimize performance.

Company Intelligence Q&A

What was a major acquisition completed by 888 Holdings?
In July 2022, 888 Holdings completed the acquisition of William Hill International, expanding its portfolio in the online gaming market.
When did 888 Holdings become a public company?
888 Holdings became public on the London Stock Exchange (LSE) in September 2005.
What strategic changes did 888 Holdings announce regarding its US operations?
In March 2024, 888 Holdings announced it would end its Sports Illustrated deal and sell some US assets to Hard Rock Digital, indicating a strategic re-evaluation of its presence in the competitive US market.
What was the outcome of a record fine issued to William Hill, owned by 888 Holdings?
In March 2023, William Hill was given a record $24 million fine by UK regulators for gambling failures, which also impacted 888 Holdings' share performance.
What was the outcome of the Shaked Family's stake in 888 Holdings?
In October 2017, the Shaked Family sold their entire stake in 888 Holdings.

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