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ngdom, Ukraine, Philippines, Brazil and Malaysia. Sportsbetbet,io was established in

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adhering to these guidelines,

et.io ensures a fair 📈 and responsible betting environment for its users. What is the

British online gambling company

888 Holdings plc, formerly Virtual Holdings Limited, is

an international sports betting and gambling company. It owns 💸 brands such as 888casino,

888poker, 888sport, Mr Green, and William Hill. Business operations are led from its

headquarters in Gibraltar, 💸 alongside satellite offices in Bucharest, Ceuta, Leeds,

London, Malta, Sofia, and Tel Aviv. It is listed on the London Stock 💸 Exchange.

History

[ edit ]

The business was founded in May 1997 by Israeli entrepreneurs Avi and Aaron

Shaked and Shay and 💸 Ron Ben-Yitzhak, two sets of brothers, as Virtual Holdings Limited.

The company's first website, Casino-on-Net was launched at that time, 💸 and the

administrative centre was established in Antigua. In 2002 Reef Club Casino and Pacific

Poker followed. In 2003 its 💸 administrative center was moved to Gibraltar.[3] It was

first listed on the London Stock Exchange in 2005.[4] Talk of listing 💸 began in

mid-2005, as other private online gambling companies began to make the move to public

ownership,[5] 888 Holdings owned 💸 several subsidiaries and brands, which it began to

bring under the singular "888" brand in early 2006.[6]

Until 2006, 888 Holdings

💸 operated Pacific Poker in the US, before online gambling became illegal in that

country.[7] In late 2006 Ladbrokes and 888 💸 announced merger discussions.[8] However, in

April 2007 the companies announced that due to recent changes of Tax laws in the 💸 UK and

fears of legal actions by the US government, both parties had amicably agreed not to

continue discussions.[9] In 💸 March 2007 888 announced its acquisition of Bingo business

of Globalcom Limited for up toR$43.4 million in cash.[10] In its 💸 first half-year, the

company's bingo business earnedR$14 million in revenues.[11]

888 overtook the 4th place

on the poker network list in 💸 April 2012 after almost having tripled their peak number

of players from July 2010 to February 2012.[12] In February, 2024, 💸 888 Holdings

confirmed it is in "advanced talks" over a reported US$1.47 billion (£750 million)

takeover by William Hill. This 💸 prompted an 18 percent jump in its share price.[13] The

company operates under a gaming licence granted by the government 💸 of Gibraltar. Under

the terms of the gaming licence 888 owns and operates a number of gaming sites (both

for 💸 real money and educational sites). In 2014 888 Holdings turned down an offer to

acquire the company for 700 million 💸 pounds.[14] That year the company revenues began to

increase due to mobile customers on its websites, and the company's sites 💸 had 17.8

million paying users.[15]

In March 2024, 888 revealed that it had applied for a gaming

licence in Malta, due 💸 to uncertainty over the UK's exit from the European Union

(Brexit) on Gibraltar, a British Overseas Territory.[16]

On 2 May 2024, 💸 founder Shay

Ben-Yitzhak died in an ultralight plane crash near Yakum, Israel at age 52. His

11-year-old son sustained minor 💸 injuries.[17]

On 3 March 2024, 888 Holdings appointed

Lord Jonathan Mendelsohn as Chairman.[18]

In May 2024, 888 announced that shareholders

had approved 💸 the acquisition of international bookmakers William Hill. 888 said the

deal was scheduled to close in June 2024: the company 💸 will pay £1.95 billion: the

acquisition includes all of William Hill's UK assets. The deal marked 888 Holdings’

entry into 💸 the retail sports betting market with a network of over 1,400 betting shops

in the UK.[19]

In May 2024, 888 announced 💸 the launch of its Sports Illustrated

Sportsbook (SI Sportsbook) in Virginia. Following the launch of the SI Sportsbook in

Colorado, 💸 in September 2024, the company plans on expanding the brand in more states

within the year.[20]

Players in the United States 💸 [ edit ]

On 2 October 2006, 888

Holdings announced that it had indefinitely suspended business with US customers in

light 💸 of the passage of the Unlawful Internet Gambling Enforcement Act of 2006 by the

US Congress three days before.[21] On 💸 14 August 2007, the US Department of Justice

asked to recoup all profits made by the company in the US.[22]

In 💸 2024, as online

gambling began to return to the United States, four of the five legal gambling websites

were run 💸 by 888, including three in Delaware and one in Nevada.[23] The company had

first initiated its return to the US 💸 market in 2013, partnering with Avenue Capital

Group to form the first US online poker network.[24]

In 2024, 888 expanded its 💸 American

online poker business by becoming the sole owner of the All American Poker

Network.[25]

Controversies and penalties [ edit ]

Shares 💸 in 888 Holdings fell by 8%

after the company revealed it was under investigation by the Gambling Commission (UKGC)

in 💸 May 2024.[26] The company was fined a record £7.8 million in August 2024 after more

than 7,000 customers were allowed 💸 to retain access to their betting accounts even after

they decided to ban themselves.[27][28] Self-excluded players were allowed to place

💸 bets for 13 months before 888 Holdings was fined.[29]

In March 2024 888 UK Ltd was

fined £9.4 million by the 💸 UK Gambling Commission following an investigation which

uncovered anti-money laundering (AML) and social responsibility failings.[30]

Brands [

edit ]

888casino [ edit 💸 ]

888casino is an online gambling site operated by 888

Holdings.[31] It was founded in 1997 and is based in Gibraltar. 💸 It is one of the

Internet's oldest casinos.[32] In 2013 it became the first exclusively online casino to

be licensed 💸 in the United States.[33]

888poker [ edit ]

888poker is 888's online poker

room, launched in July 2002.[34]

888sport [ edit ]

888sport is 💸 888's sports betting

brand. The online bookmaker was launched in March 2008.[35] The site offers both horse

track betting and 💸 sports betting, in addition to access to 888 Holdings' other sites.

Sports leagues on which bets can be placed include 💸 those of Europe, North America, and

elsewhere. This includes live betting, where bets can be placed on in-game action, in

💸 addition to pre-game bets. The brand is the title sponsor for the 888Sport Tingle Creek

Chase,[36] in addition to the 💸 888Sport Magnolia Stakes.[37] In 2010 888sport became the

title sponsor of the Fontwell Park Racecourse, renaming it the 888sport Grand

💸 Stand.[38] 888sport also works in social media surrounding sporting events,

distributing content to its followers form other content sources,[39] and 💸 has held

online sports video competitions.[40] In March 2024, 888 Holdings paid £15 million for

Dublin-based Dedsert Ltd, which provided 💸 the sportsbook platform for UK-licensed

bookmaker BetBright. 888 CEO Itai Pazner said the acquisition "gives us the missing

piece in 💸 our proprietary and technology portfolio".[41]

William Hill [ edit ]

888 has

owned international bookmakers William Hill since June 2024.[19]

Bingo brands [ 💸 edit

]

888 Holdings owns and operates several different online bingo sites. They offer

90-ball and 75-ball bingo games, along with 💸 online slot machine games, progressive

jackpots, and scratchcards. The games all run on a no download required basis and have

💸 an emphasis on community and chat rooms. In December 2009, 888 purchased brands

including Wink Bingo, Posh Bingo, Tasty Bingo, 💸 and RedBus Bingo from Daub.[42][43][44]

888ladies is 888's online bingo room. The bingo site was launched in February 2008

after 💸 888 acquired online bingo company Globalcom. 888ladies offers 75-ball, 90-ball

and 5-line bingo games as well as instant games, casino 💸 games and scratchcards.[45] In

January 2013, 888ladies launched a mobile app for iOS devices, and later for Android

devices.[46] The 💸 site is known for running frequent competitions.[47]

Wink Bingo

launched in 2008 and is the biggest site in the Joy of 💸 Bingo network and the second

largest 888 bingo site. 888's acquisition of the site was followed by a TV ad 💸 campaign

that included projecting the Wink Bingo logo onto the Houses of Parliament.[48] Wink

Bingo also runs frequent promotions and 💸 competitions. In January 2014, Wink launched

The Breakfast Club competition, asking readers to photograph their meals and upload

them to 💸 the Wink Bingo Facebook page for the chance to win ASDA vouchers. The

competition received news coverage in Hello! Magazine[49] 💸 and Reading Chronicle.[50]

Posh Bingo launched in September 2006 and underwent a major redesign in March 2012. The

site has 💸 a fashion theme. Tasty Bingo launched in March 2010 and is themed around food.

RedBus Bingo launched in April 2010 💸 and has a London theme. Bingo Street launched in

July 2011, and is based on a typical UK street, with 💸 rooms titled 'Bingo Supermarket'

and 'Bingo Hall'.[51]

Big Brother Bingo launched in January 2012 and is based on the

reality television 💸 show Big Brother[52] on Channel 5.[53] There are also standard cash

prizes and polls on the housemates.[52]

888bingo is the second 💸 online bingo site by

888, after 888ladies. It was formally launched in December 2009. It offers a selection

of games 💸 including 75-ball and 90-ball bingo, team bingo, slots, instant games, video

poker, and table games. 888's Facebook app Bingo Appy 💸 launched in December 2012.[54]

offering bingo, casino and slots games via Facebook. It is now the only bingo app on

💸 Facebook to permit users to bet and win real money,[55] with Bingo Friendzy's

withdrawal.[56] The app offers 75-ball and 90-ball 💸 bingo, instant games, scratchcards

and freebie rooms. 888 had initially provided a 'freemium' or play-for-fun service on

Facebook before the 💸 introduction of Bingo Appy.[57]

Sports Illustrated Sportsbook and

Casino [ edit ]

Sports illustrated Sportsbook is a brand that combines 888 and 💸 Sports

illustrated and offers players sports betting offerings. The company combines sports

offerings from 888 in addition to sports data 💸 from Sports illustrated and is currently

live in the U.S. states of Colorado, Michigan, and Virginia. On February 9, 2024, 💸 SI

Sportsbook launched its casino product in Michigan, marking the official expansion of

the sports book product into the casino 💸 space [58]

Senior management and financial [

edit ]

Gigi Levy served as Chief Executive until 2011, he was paid an annual 💸 salary

ofR$841,000 and an annual bonus ofR$1,007,000 in 2010.[59]

In March 2012, Brian

Mattingley was appointed as Chief Executive of 888 💸 Holdings.[60] In 2024 Mattingley

left the position of CEO to assume the position of executive chairman of the board for

💸 888 Holdings.[61]

On 24 January 2024, 888 Holdings elevated Chief Operating Officer

Itai Pazner, a 17-year company veteran, to Chief Executive 💸 Officer, replacing Itai

Frieberger, who replaced Mattingley as CEO in 2024.[62]

It was announced in January

2024 that Pazner would be 💸 removed from his role as CEO.[63]

See also [ edit

]

References [ edit ]

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