Slowdown at 888 Holdings

By Dave Sawyer, Last updated Apr 28, 2023

888 Holdings the parent company of the online casino 888 and the British High Street Bookmaker William Hill, have posted a slowdown in revenues for the fourth quarter of 2022 and a total decline of 3% on the previous year.

2022 was a busy year for the group, which saw them complete the takeover of the international ( non US ) business of William Hill on the 1st July 2022.  However, despite the fall in total group revenues, the results for 2022 were in line with the board’s expectations.

It was also announced that Chief Financial Officer Yariv Dafna will depart the company at the end of March 2023.

Commenting on the results and the impending departure of Dafna, 888 Holdings Chief Executive Officer Itai Pazner said: The Board and I would like to thank Yariv for the contribution he has made to 888 including playing a crucial role in the completion of our transformational combination with William Hill and leading the recent successful financing of 888’s external debt.”

“On behalf of everyone at 888, I wish him the very the best in his future endeavours.”

“During the fourth quarter of 2022 our teams continued to make rapid progress in integrating these two highly complementary businesses, and have started the process to migrate Mr Green to our proprietary global tech stack, as we execute against our strategic roadmap that we outlined at our recent capital markets day.”

“Revenues during the fourth quarter saw continued strong trading in retail, and a robust performance online. As previously discussed, we continue to see pressure on our UK online revenues from regulatory change including the ongoing impact of the enhanced player safety measures, but I am confident we are building a sustainable leading business for the future.”

“As we look forward, we remain focused primarily on successful integration, execution and de-leveraging in order to unlock the potential from our enlarged business.”

Dave Sawyer
ConnectConnect

Dave has been involved in the Online Gambling industry for 20 odd years now. With experience working for an operator based in Gibraltar, where he headed up the IT team at Ladbrokes, to running his own iGaming affiliate websites until 2019.

Dave now writes for Casinomeister and sister site Casino Gazette. You may also see him on the forum from time to time, where he goes by the handle Webzcas.


CasinoMeister heart Top 5 casinos

CasinoMax

325% Slots Bonus on 1st, 2nd and 3rd Deposit

3Dice Casino

110% up to $110 Welcome Bonus

Spinfinity

300% Slots Bonus up to $3,000 on 1st, 2nd and 3rd Deposits

Roaring 21 Casino

400% up to $4,000 + 100 Free Spins Welcome Bonus Package