888 Holdings will soon change its name to evoke plc after shareholders nearly unanimously approved the rebranding. At the company’s Annual General Meeting on Monday, 99.79% of the total votes cast were in favor of the new name. Of the 18 resolutions, just three had a higher “for” percentage than the rename, and they were… Read more »
What’s in a name? In an interesting move that reeks of “corporate speak,” gambling company 888 Holdings announced this week that it intends to change its name to “evoke.” That’s the word evoke, all lowercase. The announcement was quiet – 888 didn’t send out a big press release about it or anything – simply mentioned… Read more »
The purpose of government is to do the best things for as many people as possible. This can run from making decisions on taxation to something as simple as whether they can play online casino games and poker. In Ontario, there could be a bit of buyer’s remorse as they are potentially looking at rejoining… Read more »
Joint venture never worked Online gaming giant 888 Holdings has announced that it will undertake a “strategic review” of its business-to-consumer (B2C) operations in the United States. The end result could result in the company selling its US B2C business, exiting the US market, or any of a number of other moves, whatever it feels… Read more »
888 staggered The bottom dropped out of shares in gambling group 888 Holdings plc on Monday as CEO and Executive Director Itai Pazner has stepped down from both roles as an internal investigation into possible failures in the company’s anti-money laundering (AML) and know-your-customer (KYC) processes. 888’s shares opened down nearly 10% from Friday’s close… Read more »
Cost-cutting move Struggling to pare down its debt, 888 Holdings announced last week that it withdrawing its sports betting product out of some states. The company has decided to focus on states that have online casino gaming in addition to sports betting, going for an “unsexy sweet spot” in the US gambling market. 888 acquired… Read more »
It has been a long time coming. After spending much of the last decade as a trio, the multi-state online poker compact will be adding a member to the fold. That lucky state will be Michigan, which will join Delaware, Nevada, and New Jersey in providing their online poker products and open the doors for… Read more »
Lax in social responsibility measures The United Kingdom Gambling Commission (UKGC) has fined 888 UK Limited £9.4 million for social responsibility and anti-money laundering failings. The company operates 78 online gambling sites, including 888.com and 888poker. “Today’s fine is one of our largest to date, and all should be clear that if there is a… Read more »
Time to show off the new 888poker platform It’s an embarrassment of riches in Pennsylvania and Michigan! It appears that both states will soon have a third competitor in the race for online poker supremacy. In a recent investor conference call, 888 CEO Itai Pazner said that WSOP.com, which runs the 888poker platform, will soon… Read more »
Like most online poker rooms or networks, 888poker has its version of the jackpot Sit-and-Go called BLAST Poker. Recently, the poker room adjusted the structure of these quick Sit-and-Go’s to bring them a bit more in line with those of its competitors. A chair has been removed BLAST poker games are now three-handed, super-turbo contests.… Read more »
It’s been a long time coming. But on July 15, the fourth state in the States of America will go live with online casino gaming and poker. On that date, Pennsylvania will complete the long, traveled road to join Delaware, Nevada and New Jersey as states that offer online casino gaming activities. Regulators Announce Opening… Read more »
In a stunning reversal, a Kentucky appeals court has overturned what was the largest ever judgment against a company in the state’s history. In that ruling, the three-judge panel voted to release PokerStars, now the Stars Group, from the $870 million judgement awarded by a trial court judge back in 2015. Largest Ever Decision in… Read more »
Four online gambling sites are in hot water with UK regulators over internet advertisements masquerading as news. Fake news, if you will. 888, Ladbrokes, Casumo, and Sky Vegas were all scolded by the UK’s Advertising Standards Authority (ASA), the country’s independent regulator for advertising, but it does not appear that there will be any monetary… Read more »
888 Holdings released a full earnings update which included a 40% increase in operating income during the first half of 2008. Read more »
888 Holdings report showed growth across the board, led by a 36% increase in operating income in 2008 compared to the second quarter of 2007. Read more »
888 has agreed to power the PokerDomePoker.com website, which is owned and operated by the Australia-based PokerDome Group. Read more »
Shares in PartyGaming (PRTY.L), parent company of PartyPoker, were up over 10% Friday amid rumors that it has come to an agreement with U.S. authorities over its prior U.S.-facing activities. Read more »
