888 Co-Founder Heirs Sell Off 40m Shares
By Brian Cullingworth, Last updated Jun 9, 2017
Halve stake in company to 12.9 percent
Flagged as “unusual activity” by institutional media, 40 million shares in 888 Holdings were sold at the end of May 2017 by the heirs of the late co-founder Aharon Shaked, under the O Shaked Shares Trust .
The sale of the shares, at GBP 2.70/share or GBP 108 million, represent half of the Aharon Shaked branch of the family’s shareholding in 888 Holdings, of which they now hold 12.9 percent.
The Shaked brothers, Avi and Aaron, co-founded 888 Holdings along with Shay Ben-Yitzhak. The Avi Shaked branch of the family currently owns 34 percent of the company.
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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