William Hill to Shutter Three Online Casino Brands in 2022

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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

Enfield Independent

Gambling firm 888 forecasts drop in half-year revenues

Gambling firm 888 has warned that half-year revenues are set to drop due to the UK's crackdown on online gambling and its temporary exit from the Netherlands. The group - which is soon to complete its £2.1 billion takeover of William Hill's UK and European businesses - said turnover for the first half of the year is set to fall to between £330…

Finance ・ 23 June 2022

Reuters

Online gambling firm 888 soars on deal to pay less for William Hill assets

April 7 (Reuters) - British online gambling firm 888 (888.L) will pay a smaller price to buy William Hill's international assets from U.S.-based owner Caesars Entertainment (CZR.O), the companies said on Thursday, citing changes in economic and regulatory conditions. Shares in London-listed 888 soared nearly 30% after the British company also said…

Industry ・ 07 April 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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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

Gambling News

William Hill Signed Content Deal with Real Dealer Studios

William Hill has been offering its players a taste of a new online casino experience since January 6, 2022, after the first of five popular titles from Real Dealer Studios launched with the gaming group. The first title under the partnership deal between William Hill and Real Dealer Studios is bringing the cinema-quality content and immersive…

Baccarat ・ 17 January 2022

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

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This Is Money

888 Holdings confirms £38m deal to sell its bingo operations

Online gambling group 888 Holdings has agreed to sell its bingo businesses for at least $50million (£38million) in order to focus on its core operations. The FTSE 250 company has the potential to receive another $4million from the sale to Saphalata Holdings, a division of Broadway Gaming, should it hit specific revenue-based performance targets…

Bingo ・ 15 December 2021

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

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

High Stakes

Three Online Casino Brands Closed by William Hill

William Hill announced that EuroGrand,21 Nova, and Casino Club brands will cease to operate by January 2022. According to company officials, the move is part of streamlining its operations. "We have taken a strategic decision to close our EuroGrand, 21Nova and William Hill Casino Club brands. This comes as part of our continuous evaluation of our…

Industry ・ 27 November 2021

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Big News Network

Ready for war: how global gambling firms are targeting US domination with hostile takeovers

iCrowd Newswire 31st October 2021, 02:03 GMT+11 When the state of New Jersey went to the Supreme Court in 2018 in a bid to overturn the Professional and Amateur Sports Protection Act (PASPA), they probably hadn't considered the monumental ramifications that would follow. The Court favoured New Jersey, believing PASPA to be'unconstitutional', and in…

Sports ・ 30 October 2021

The Guardian

$22.4bn bid for Entain underlines value of British online gambling expertise

The blockbuster $22.4bn (£16.4bn) bid for Ladbrokes and Coral owner Entain underlines just how valuable British online gambling expertise has become. Its prospective buyer, US fantasy sports outfit DraftKings, is one of the major players vying for supremacy in the fast-growing US online betting market. This 21st-century gold rush was triggered by…

Mobile ・ 22 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

Reuters

Online gambling group 888 to buy William Hill's non-U.S. business for $3 bln

Sept 9 (Reuters) - 888 (888.L) will buy William Hill's non-U.S. assets for 2.2 billion pounds ($3.03 billion) from U.S. casino group Caesars (CZR.O) in a deal that will give the online betting group access to 1400 betting shops across Britain. The purchase, 888's largest since it listed in London in 2005, will also give the company access to…

Sports ・ 09 September 2021

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UK News Today

Online Gambling Firm 888 Odds On To Snap Up William Hill's UK Bookies

Online bookmaker 888 is the favourite to take over William Hill's UK and European business and return the 87-year-old company to British ownership. The firm, which has a market capitalisation of £1.5billion, said it was in advanced talks with William Hill's new American owner to buy the non-US parts of the business in a deal worth up to…

Travel ・ 08 September 2021

Casino News Daily

Advent Said to Be Eyeing William Hill’s Non-US Gambling Assets

US private equity firm Advent International is understood to have joined the race for William Hill's UK and European operations and is believed to be among the leading bidders. The company is vying against buyout rival Apollo Global Management and online gambling operator 888 Holdings, among others, in the bidding war for the bookmaker's non-US…

Industry ・ 12 July 2021

Pokerfuse

LeoVegas to Enter US Market in H1 2022 Following Caesars Deal

We think that the timing is right, the partner is right, and LeoVegas is ready to do it Swedish mobile gaming company Leo Vegas AB (LeoVegas) will enter the US market for the first time following an agreement with Caesars Entertainment to launch the LeoVegas online casino brand in New Jersey during the first half of 2022. The agreement calls for…

Sports ・ 25 May 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

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Two casino properties receive licensing approval from Nevada Gaming Commission

The Nevada Gaming Commission on Thursday unanimously approved licenses for a newly renamed Henderson casino and fast-growing Bally's Corp., and approved Caesars Entertainment Inc.'s multibillion-dollar deal to acquire Nevada's largest sportsbook operator. The Pass at Water Street, formerly known as the Eldorado Casino in Henderson, won licensing…

Gaming Authorities ・ 23 May 2021

Casino Guardian

William Hill Reveals Projections of £30-Million Loss Because UK Betting Shops Closures but Remains Hopeful for the Future

The British bookmaker William Hill has revealed a sharp decline in revenues as a result of betting shop closures and lockdown restrictions because of the ongoing coronavirus pandemic, even with its online operations registering growth. On January 13th, the group issued a trading statement, projecting that its 2020 full-year revenue would be about…

Sports ・ 19 January 2021

Warrington Worldwide

A Strategic Decision to go into Land Based Gaming

One of the major trends in retail across the world today is digitalization and convergence. There is currently an exponential growth in the number of land-based B2C retail brands that haven taken to the online platform to offer their products to customers using the e-commerce model. Without a doubt, online consumption has continued to grow at an…

Industry ・ 08 November 2022