![]() Shares in 888 Holdings fell by 8% after the company revealed it was under investigation by the Gambling Commission (UKGC) in May 2017. In 2018, 888 expanded its American online poker business by becoming the sole owner of the All American Poker Network. The company had first initiated its return to the US market in 2013, partnering with Avenue Capital Group to form the first US online poker network. In 2015, as online gambling began to return to the United States, four of the five legal gambling websites were run by 888, including three in Delaware and one in Nevada. On 14 August 2007, the US Department of Justice asked to recoup all profits made by the company in the US. On 2 October 2006, 888 Holdings announced that it had indefinitely suspended business with US customers in light of the passage of the Unlawful Internet Gambling Enforcement Act of 2006 by the US Congress three days before. Following the launch of the SI Sportsbook in Colorado, in September 2021, the company plans on expanding the brand in more states within the year. In May 2022, 888 announced the launch of its Sports Illustrated Sportsbook (SI Sportsbook) in Virginia. The deal marked 888 Holdings’ entry into the retail sports betting market with a network of over 1,400 betting shops in the UK. 888 said the deal was scheduled to close in June 2022: the company will pay £1.95 billion: the acquisition includes all of William Hill's UK assets. In May 2022, 888 announced that shareholders had approved the acquisition of international bookmakers William Hill. On 3 March 2021, 888 Holdings appointed Lord Jonathan Mendelsohn as Chairman. His 11-year-old son sustained minor injuries. On, founder Shay Ben-Yitzhak died in an ultralight plane crash near Yakum, Israel at age 52. In March 2018, 888 revealed that it had applied for a gaming licence in Malta, due to uncertainty over the UK's exit from the European Union (Brexit) on Gibraltar, a British Overseas Territory. That year the company revenues began to increase due to mobile customers on its websites, and the company's sites had 17.8 million paying users. In 2014 888 Holdings turned down an offer to acquire the company for 700 million pounds. Under the terms of the gaming licence 888 owns and operates a number of gaming sites (both for real money and educational sites). The company operates under a gaming licence granted by the government of Gibraltar. ![]() This prompted an 18 percent jump in its share price. In February, 2015, 888 Holdings confirmed it is in "advanced talks" over a reported US$1.47 billion (£750 million) takeover by William Hill. ![]() Ĩ88.com overtook the 4th place on the poker network list in April 2012 after almost having tripled their peak number of players from July 2010 to February 2012. In its first half-year, the company's bingo business earned $14 million in revenues. In March 2007 888 announced its acquisition of Bingo business of Globalcom Limited for up to $43.4 million in cash. However, in April 2007 the companies announced that due to recent changes of Tax laws in the UK and fears of legal actions by the US government, both parties had amicably agreed not to continue discussions. In late 2006 Ladbrokes and 888.com announced merger discussions. Until 2006, 888 Holdings operated Pacific Poker in the US, before online gambling became illegal in that country. Talk of listing began in mid-2005, as other private online gambling companies began to make the move to public ownership, 888 Holdings owned several subsidiaries and brands, which it began to bring under the singular "888.com" brand in early 2006. It was first listed on the London Stock Exchange in 2005. In 2003 its administrative center was moved to Gibraltar. In 2002 Reef Club Casino and Pacific Poker followed. The company's first website, Casino-on-Net was launched at that time, and the administrative centre was established in Antigua. The business was founded in May 1997 by Israeli entrepreneurs Avi and Aaron Shaked and Shay and Ron Ben-Yitzhak, two sets of brothers, as Virtual Holdings Limited. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Business operations are conducted from its headquarters in Gibraltar, alongside satellite offices in Bucharest, Ceuta, Leeds, London, Malta, Sofia, and Tel Aviv. It owns brands such as 888casino, 888poker, 888sport, Mr Green, and William Hill. 888 Holdings plc, formerly Virtual Holdings Limited, is an international sports betting and gambling company.
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