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888 appoints Per Widerström as CEO

Tue, 25th Jul 2023 07:49

(Sharecast News) - William Hill and Mr Green owner 888 said on Tuesday that it has appointed Per Widerström as chief executive officer with effect from 16 October.

Widerström has more than 17 years of experience in the online gaming industry, having most recently held the position of CEO at Fortuna Entertainment Group, a market leading omni-channel betting and gaming business across Central and Eastern Europe, from 2014 to 2022. Prior to that, he held a succession of senior roles across leading online gaming businesses from 2006 onwards.

888 said that once Widerström joins the group, Lord Mendelsohn will return to the role of non-executive chair, while ensuring a smooth transition of responsibilities.

Mendelsohn said: "We are delighted to be able to appoint Per following what has been an extensive and comprehensive search process. The board unanimously agreed that Per was the clear standout candidate to lead the group to build on the strong platform for growth and value creation that has been established.

"Per has extensive experience in both public and private companies, and a long track record with a proven ability to execute value creation plans. As well as being an energetic and inspiring leader, Per brings nearly two decades of highly relevant industry expertise into the role.

"He has a strong and proven track record of driving growth and delivering transformation programmes at multiple leading online gaming businesses, and the board is very pleased to appoint someone with the skillset to deliver our objective to become a much stronger international multi-brand operator, leveraging our technology and data capabilities to drive an acceleration in growth."

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26 Mar 2024 10:50

888 Holdings shares spike on revenue boost and "exciting" future plan

(Alliance News) - 888 Holdings PLC on Tuesday reported a widened annual loss but rising revenue and Ebitda, and unveiled its new "Value Creation Plan".

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26 Mar 2024 10:38

888 posts full-year rise in revenue, adjusted earnings

(Sharecast News) - Gambling operator 888 Holdings reported a significant uptick in revenue in its 2023 results on Tuesday, up 38% to £1.71bn, while adjusted EBITDA jumped 41% to £308.3m on a reported basis.

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26 Mar 2024 10:38

888 posts full-year rise in revenue, adjusted earnings

(Sharecast News) - Gambling operator 888 Holdings reported a significant uptick in revenue in its 2023 results on Tuesday, up 38% to £1.71bn, while adjusted EBITDA jumped 41% to £308.3m on a reported basis.

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22 Mar 2024 13:50

888 Holdings comes out of UK watchdog licence review unscathed

(Alliance News) - 888 Holdings PLC on Friday said that it has avoided action following a licence review by the GB Gambling Commission.

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22 Mar 2024 07:43

888 shares rise as Gambling Commission finishes licence review

(Sharecast News) - Gambling operator 888 Holdings announced on Friday that it has received notice from the Gambling Commission that it had completed its review of the group's operating licences under the Gambling Act 2005.

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19 Mar 2024 15:54

UK earnings, trading statements calendar - next 7 days

Wednesday 20 March 
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EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
IQGeo Group PLCFull Year Results
Kenmare Resources PLCFull Year Results
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Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Science Group PLCFull Year Results
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6 Mar 2024 11:55

888 ends Sports Illustrated deal and considers selling US operations

(Alliance News) - 888 Holdings PLC on Wednesday said that it has launched a strategic review of its business-to-consumer operations in the US and is considering a sale of that business as part of the process.

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6 Mar 2024 07:59

888 Holdings axes SI deal, mulls sale of US consumer arm

(Sharecast News) - UK gambling outfit 888 Holdings on Wednesday admitted its bet on the US sports market hadn't paid off and was ending its deal with Sports Illustrated and mulling a potential sale of its American consumer operations.

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6 Feb 2024 09:06

Jefferies names Flutter as top gaming pick

(Sharecast News) - Jefferies has named Flutter Entertainment as its top UK pick in the European gaming sector but has also named London-listed peers 888 Holdings, Entain and Playtech as 'buys'.

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22 Jan 2024 17:30

London close: Stocks maintain gains on fresh UK optimism

(Sharecast News) - London markets finished with a positive performance on Monday, following the lead of Wall Street's strong gains towards the end of the previous week.

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18 Jan 2024 11:48

Flutter's shares soar on U.S. margins, market share gains

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17 Jan 2024 17:15

FTSE 100 hits 7-week low as inflation climbs, China data weighs

UK inflation rate rises to 4% in Dec

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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17 Jan 2024 12:00

LONDON MARKET MIDDAY: UK inflation uptick, weak China data hits stocks

(Alliance News) - Stock prices in London were lower at midday Wednesday, as hotter-than-expected UK inflation data served as a setback to early rate cut expectations.

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