888 was founded in 1997 and remains one of the most popular online gaming and solutions providers. Headquartered in Gibraltar, 888 has licenses in Gibraltar, the UK, Spain, Italy, Denmark, Ireland, Romania, Nevada, New Jersey and Delaware.
At the heart of 888’s business are its proprietary gaming technology and associated platforms, allowing 888 to differentiate itself from and innovate ahead of competitors. The group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners with the ideal platform through which to establish an online gaming presence and monetise their brands.
888’s consumer-facing websites include 888casino, 888poker, 888sport, 888ladies and Wink Bingo. 888 partners with companies like Evolution Gaming
888casino is one of the most recognised online casinos winning numerous prestigious awards including eGaming Review Casino Operator of the Year (2005, 2006, 2007, 2008, 2009, 2013); Global Gaming Awards Best Digital Operator (2014); and Gaming Intelligence Casino of the Year (2015).
888casino is obsessed with supplying enjoyment in a secure, fun, fair and regulated environment. 888casino is recognised as secure and trustworthy having been regulated in Gibraltar and the United Kingdom. 888casino is likewise licensed in Spain, Italy, Romania, Denmark, Nevada and New Jersey. 888casino has over 25 million registered customers and is active in 13 countries.
888poker offers their platform on desktop, smart phone and tablet, enabling players to enjoy a variety of innovative features including PokerCam, 3D Poker and TeamsPoker tournaments. 888poker games include Texas Hold’em, Omaha Hi/Lo, 7 Card Stud, Razz and other poker variations in Pot Limit, Fixed Limit and No Limit formats.
888 online bingo sites range from the leading bingo site 888ladies to recently acqired Wink Bingo, Posh Bingo, Tasty Bingo, and RedBus Bingo from Daub Ltd. These brands, along with newer addition Bingo Street, comprise 888’s ‘Joy of Bingo’ network.
888 sports betting
888 sports betting offers live sports betting odds which are streamed direct to 888sport.com. 888sport offers a highly impressive suit or supporting micro blogs and sporting analysis.
888 are also invested in social gaming through Mytopia. The studio develops and markets Facebook and mobile social games. Games such as Bingo Island, Governor of Poker 3, Backgammon Live are free to play on Facebook, iOS and Android.
888 b2b brands
888’s business brands are Tau Marketing, 8Ball, Gaming Realms, Bingo Hollywood, Moon Bingo, Costa Bingo, WSOP, Delware Lottery, Foxy Bingo and Dragonfish ( a leading provider of poker software).
888 Company Background
888 primary county listing is GBR under exchange price information code “888”. The company operates in the resort and casino sector, providing online igaming entertainment under several different brands. 888 also has business to business solutions under brands: BingoHollywood.com, Moon Bingo, Dragonfish, World Series of Poker, Delaware Lottery, Foxy Bingo, Tau Marketing, 8Ball, Mytopia and Gaming Realms.
888 Board of Directors
Brian Mattingley is the current Non-Executive Chairman having previously been 888’s Chief Executive Officer since March 2012. His prior roles were at Gala Regional Developments Limited, Ritz Bingo Limited, Kingfisher Plc and Dee Corporation Plc.
Itai Frieberger is the current Chief Executive Officer having been appointed in March 2016. He was 888’s Chief Operating Officer since April 2011. Itai has been with the group since 2003.
Aviad Kobrine role is as the Chief Financial Officer and has kept that position since June 2005. He was previously a banker with the Media Telecoms Investment Banking Group and Slaughter and May. He holds a Masters in Finance from the London Business School and an LLB from Tel Aviv University.
Ron McMillan is one of three Independent Non-executive’s. Ron his a one company working man having spent his whole career with PricewaterhouseCoopers until he retired in 2013. Ron is the Senior Independent Director and Chairman of the Audit Committee of N Brown Group Plc and SCS Plc and Chairman of the Audit Committee of B&M European Value Retail SA.
Zvika Zivlin is an Independent Non-executive. Zvika is the Founder and Managing Partner of Tulip Capital and currently serves on the advisory board of Infinidat Ltd. Mr. Zivlin holds an MSc in Economics from the London School of Economics, an MBA and a BA in Economics and Managementfrom Tel Aviv University.
Anne de Kerckhove is an Independent Non-executive (and the only female on the current board). She is currently the CEO of Iron and has extensive experience in the digital space. Anne is also an angel investor and mentor for early-stage startups and entrepreneurial funds including Metail, CRE and Daphni, and holds board positions with 7digital, WeMoms and Snowite. Anne holds a Bachelor of Commerce from McGill University and an MBA from INSEAD.
888 Shareholder Information
Subtstanital shareholder information was not up to date at the time of writing on 22nd July 2018.
As at 31 December 2017, the Company had been notified of the following interests in 5% or more of its share capital under Disclosure Guidance and Transparency Rules (“DTR”) Rule 5 of the UK Financial Conduct Authority.
|Principal shareholders||Number of Shares||% Issued Share Capital|
|Sinitus Nominees Limited in trust on behalf of Dalia Shaked||86,283,534||24.10%|
|Majedie Asset Management Limited||35,336,801||9.90%|
|Indirect Standard Life Investments Limited||17,996,793||5.00%|
888 Profit and Loss Annual Report
|Year ended 31 December 20181||Year ended 31 December 20171|
|US$ million||US$ million|
|Revenue – B2C|
|Revenue before VAT accrual release||529.9||541.8|
|VAT accrual release2||10.7||–|
|Adjustment of VAT accrual release||(10.7)||–|
|Research and development expenses||(32.8)||(35.4)|
|Selling and marketing expenses||(155.0)||(162.5)|
|Depreciation and amortisation||(20.3)||(19.3)|
|Adjusted profit before tax||86.7||78.3|
|Share benefit charges||(8.9)||(8.5)|
|VAT accrual release||10.7||–|
|Gain from re-measurement of previously held equity interest in joint ventures||9.3||–|
|Share of equity accounted associates’ loss||(0.2)||(0.2)|
|Profit before tax||108.7||18.8|
|Adjusted basic earnings per share||20.2¢||20.1¢|
|Basic earnings per share||26.3¢||3.5¢|
888 IR Contact
|INVESTOR RELATIONS CONTACT|
|Alex Brennan/ Michael Sandler
29 Cloth Fair
|Telephone:||+44 (0)20 7796 4133|
|Facsimile:||+44 (0)20 7796 3480|