Aankondiging • May 19
Evoke Extends Key Deadline in £225 Million Takeover Talks Shares in Evoke plc (LSE:EVOK) rallied on 19 May 2026, after the William Hill-owner confirmed takeover talks were continuing. The firm, formerly 888 Holdings, is in negotiations with Greek lottery operator Bally's Intralot S.A. (ATSE:BYLOT) about a possible 50p per share takeover. The proposed £225 million deal is currently expected to comprise an all-share combination with a partial cash alternative. Providing a brief update after markets closed on 18 May 2026, Evoke said "constructive discussions" were continuing and that Bally's Intralot had therefore requested - and been granted - an extension to the so-called put up or shut up deadline. Bally's Intralot, which is listed in Athens, now has until 1700 BST on 8 June under Takeover Panel rules to make a firm offer or walk away. Aankondiging • May 12
Evoke plc, Annual General Meeting, Jun 08, 2026 Evoke plc, Annual General Meeting, Jun 08, 2026. Location: the office of hudson sandler llp, 25 charterhouse square, ec1m 6ae, london United Kingdom Aankondiging • Apr 22
Evoke Confirms Discussions with Bally's Intralot S.A. Regarding A Potential £225 Million Takeover Evoke plc (LSE:EVOK) confirmed that it is in discussions with Bally's Intralot S.A. (ATSE:BYLOT) ("Bally's Intralot") regarding a potential £225 million takeover. The group stated on April 20, 2026 morning that the indicative offer stands at 50p per share and is expected to be structured primarily as an all-share deal, with a partial cash alternative. The confirmation follows media speculation over the weekend. In a separate statement, Bally’s Intralot said it believes a merger with Evoke “would have the potential to deliver substantial strategic and operational synergies, including enhanced scale, an expanded geographic footprint and opportunities for cost efficiencies”. Chief executive Robeson Reeves said: “We have built a business with a margin profile that stands out in this industry. Evoke has the scale. “We see a compelling opportunity to bring our operating model to a significantly larger business, and the potential to transform its financial performance through massive synergies that we are uniquely positioned to deliver. This is an opportunity we are pursuing with conviction.” Bally’s Intralot has until 5pm on May 18 to confirm a firm intention to make an offer or withdraw. Strategic review and market pressures Evoke, which also owns 888 Holdings and Mr Green, has been undergoing a strategic review following the UK’s recent budget, which increased remote gaming duty to 40%. While betting shops were not directly impacted by the tax rise, Evoke recently confirmed plans to close around 200 retail locations from May, citing the financial impact as a key factor. Aankondiging • Mar 20
Bally’s Reportedly Tipped as Frontrunner to Acquire William Hill Parent Evoke Distressed assets specialist Bally's Corporation (NYSE:BALY) is in pole position to buy the entire Evoke plc (LSE:EVOK) group as its strategic review reaches a critical point, according to sources. Evoke has received interest for its assets from a variety of entities since announcing its strategic review in December. NEXT.io has learned Bally’s has emerged as the most credible bidder due to its openness to purchasing the group in its entirety, which is understood to be in line with the preference of evoke’s board. One source familiar with the discussions said: “They are looking for the easiest structure – so to sell everything to one buyer. That’s their number one priority.” This follows reports in the Greek financial press at the beginning of the year that Bally’s was plotting market share gains in Britain via M&A and was in talks with “an historic betting brand on the island looking to reduce high debt”. This tracks with the company’s recent Fourth Quarter report, which claimed the group was well-positioned to capture market share amid the upcoming tax hikes. If the deal goes through, it would catapult the US land-based and online giant into becoming one of Europe’s most important B2C operators as the custodian of the high street stalwart William Hill, as well as the existing owner of the Gamesys Group brands. Final offers are expected to be submitted imminently, with the board facing a decision between proceeding with a transaction or extending the process should valuations fall short of expectations. Indicative interest received to date includes carve-out proposals for the Italian unit and other international assets, as well as bids for the UK retail segment and, in certain cases, for the group as a whole. Rumours swirled throughout the industry March 18, 2026 that a major announcement could be on its way after evoke delayed its Fiscal year 2025 results to April 29, 2026, with the strategic review still “ongoing”. Evoke currently carries a significant net debt position of around £1,800 million based on latest reported figures, reflecting leverage of around 5.0x EBITDA. As a result, any transaction is likely to prioritise deleveraging. Market feedback suggests that a full debt take-out would be challenging, with a more realistic valuation for the assets likely to fall in the £1,400 million-£1,600 million range. Evoke’s exposure to the UK market remains a key consideration at a time when the market is facing a near doubling of Remote Gaming Duty of 40% for online casino from April 1, 2026. If no transaction is completed, one source indicated that debt holders could seek to exert greater control over the board, potentially driving an alternative restructuring or sale process. “At that point, all options would be on the table,” the source noted. In a scenario involving a piecemeal disposal, individual assets are expected to command divergent valuations, reflecting both performance dispersion and a fragmented technology stack. While Mr. Green was highlighted as a business that has materially declined in value since its acquisition by William Hill in 2019, evoke’s Italian-facing operations could represent a scarce strategic entry point into a tightly regulated and growing market where advertising remains restricted. The UK market is expected to remain challenging in the near term. However, operators that successfully optimise their P&L while maintaining a scaled retail footprint are likely to be better positioned, as reduced marketing intensity across the sector increases the importance of brand visibility via physical presence. Aankondiging • Mar 18
Evoke plc to Report Fiscal Year 2025 Results on Apr 29, 2026 Evoke plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Apr 29, 2026 Aankondiging • Oct 21
Evoke plc Announces Board Changes, Effective 21 October 2025 The board of directors of evoke announced that, after more than five years at the Company, Lord Jon Mendelsohn has informed the Board of his decision to step down as Chair and Non-Executive Director with immediate effect from 21 October 2025. The Board thanks Jon for his significant and highly valued contributions to the Company since joining the Board in September 2020, including during his tenure as interim Executive Chair between 30 January to 16 October 2023. The Board announced that Mark Summerfield has been appointed as the permanent Non-Executive Chair of the Board with immediate effect from 21 October 2025. Mark joined the Board in September 2019 as a Non-Executive Director and is the chair of the Audit & Risk Committee and the Gaming Compliance Committee, and a member of the ESG Committee. Mark will step down as the chair of the Audit & Risk Committee and Limor Ganot will assume this role on an interim basis. In addition, the Board announced that Anne de Kerckhove has been appointed as the permanent Deputy Chair of the Board with immediate effect from 21 October 2025. Anne joined the Board in November 2017 and will continue to serve as Senior Independent Director, as well as chairing the Nominations Committee and the ESG Committee, and serving on the Remuneration Committee. Aankondiging • Oct 08
Evoke plc Appoint Committee Members Evoke plc confirms that Sean Wilkins has been appointed to the Gaming Compliance Committee (" the Committee") and Mark Summerfield has been appointed as Chair of the Committee with immediate effect. The Committee's membership is set out below:
Gaming Compliance Committee: Mark Summerfield (Chair), Ori Shaked and Sean Wilkins. Aankondiging • Apr 25
Evoke plc, Annual General Meeting, May 28, 2025 Evoke plc, Annual General Meeting, May 28, 2025. Location: the office of hudson sandler llp, 25 charterhouse square, ec1m 6ae, london United Kingdom Aankondiging • Apr 22
Evoke plc to Report Q1, 2025 Results on Apr 25, 2025 Evoke plc announced that they will report Q1, 2025 results at 6:00 AM, Coordinated Universal Time on Apr 25, 2025 Aankondiging • Feb 17
Evoke plc to Report Fiscal Year 2024 Results on Mar 26, 2025 Evoke plc announced that they will report fiscal year 2024 results on Mar 26, 2025 Aankondiging • Oct 18
Evoke plc Reaffirms Earnings Guidance for Second Half of 2024 and Fiscal Year 2025 Evoke plc reaffirmed earnings guidance for second half of 2024 and Fiscal Year 2025. For the second half, Company reports revenue growth of 5% to 9%.
For the year 2025, Company reports no change to existing expectations with unchanged medium-term targets of 5% to 9% revenue growth per year. Aankondiging • Sep 24
Evoke plc Announces Appointment of Susan Standiford as Non-Executive Director and Member of the Audit & Risk Committee, Effective 1 November 2024 evoke announced the appointment of Susan Standiford as an Independent Non-Executive Director and member of the Audit & Risk Committee with effect from 1 November 2024. Susan is currently an Independent Non-Executive Director and Chair of the technology committee at Stibo Software Group A/S, which provides software solutions for data management and media and publishing verticals, and a Non-Executive Director at Didimo, a visual AI company. She was previously an Independent Non-Executive and Chair of the technology committee at SimCorp, a Danish FinTech company. Previously in her executive career she has held several leadership positions including Chief Product and Technology Officer at StepStone, Chief Technology Officer at IKEA Retail, CTO and COO at Zeal Network, and CTO at RueLaLa. Susan brings 30 years of product, technology and managerial experience from various industries at companies such as Oracle, Disney, and Travelocity. Susan is active in the startup and scale up communities as a mentor, advisor and angel investor. She holds a BA from the University of Illinois. Recent Insider Transactions • Aug 18
Non-Executive Chairman recently bought €162k worth of stock On the 15th of August, Jonathan Mendelsohn bought around 250k shares on-market at roughly €0.65 per share. This transaction increased Jonathan's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jonathan's only on-market trade for the last 12 months. Reported Earnings • Aug 16
First half 2024 earnings released: UK£0.32 loss per share (vs UK£0.073 loss in 1H 2023) First half 2024 results: UK£0.32 loss per share (further deteriorated from UK£0.073 loss in 1H 2023). Revenue: UK£862.0m (down 2.2% from 1H 2023). Net loss: UK£143.2m (loss widened 341% from 1H 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 15
Evoke plc Provides Earnings Guidance for the Third Quarter and Second Half of 2024 Evoke plc provided earnings guidance for the third quarter of 2024. Third quarter revenue growth for the period up to 10 August 2024 is consistent with the 5-9% target range given for second half. Clear drivers of improvement in revenue in second half of 2024, with ongoing successful product launches, better player segmentation driving more effective bonus ratio, and new commercial leadership team producing compelling promotions, aligned with group CVP. Significant improvement in profitability expected in second half of 2024 as compared to first half of 2024. Aankondiging • Aug 02
Evoke plc to Report First Half, 2024 Results on Aug 15, 2024 Evoke plc announced that they will report first half, 2024 results on Aug 15, 2024 Aankondiging • Jul 19
Evoke plc Provides Earnings Guidance for the Second Half of 2024 Evoke plc provided earnings guidance for the second half of 2024. For the period, the company expects revenue growth to be in line with medium-term guidance of 5-9%. Aankondiging • May 15
888 Holdings Plc Elects Sean Wilkins as Director 888 Holdings Plc at its Annual General Meeting held on May 13, 2024, approved to elect Sean Wilkins as a Director. Aankondiging • Apr 16
888 Holdings plc, Annual General Meeting, May 13, 2024 888 Holdings plc, Annual General Meeting, May 13, 2024, at 08:00 Coordinated Universal Time. Location: Hudson Sandler LLP, 25 Charterhouse Square, EC1M 6AE London United Kingdom Aankondiging • Feb 02
888 Holdings plc to Report Fiscal Year 2023 Results on Mar 26, 2024 888 Holdings plc announced that they will report fiscal year 2023 results on Mar 26, 2024 Aankondiging • Jan 17
888 Holdings plc Provides Revenue Guidance for the Fiscal Year of 2024 888 Holdings plc provided revenue guidance for the fiscal year of 2024. Positive outlook for FY24 revenue with consistent growth in active players driving confidence in strong revenue growth online in both the UK and International segments. Compliance and safer gambling impacts begin to annualise in February 2024, leading to a more positive outlook for average revenue per user. Aankondiging • Oct 16
888 Holdings plc Announces Appointment of Per Widerström to the Board of Directors 888 Holdings plc announced that Per Widerström has been appointed to the board of directors with effect from 16 October 2023. Aankondiging • Sep 28
888 Holdings plc Provides Revenue Guidance for the Third and Fourth Quarters of 2023 888 Holdings plc provided revenue guidance for the third and fourth quarters of 2023. Performance across the Group has been mixed, with overall revenue for Third Quarter 2023 expected to be down around 10% to approximately £400 million.The Group now expects revenues in Fourth Quarter 2023 to be sequentially higher than Third Quarter 2023 but lower year over year by a mid-single digit, before returning to growth in 2024. Aankondiging • Sep 26
888 Holdings plc Announces Board and Committee Changes 888 Holdings plc announces certain changes to its board committees such that with immediate effect, the membership of its board committees will be as follows: Audit Committee: Mark Summerfield (Chair) - Independent Non-Executive Director, Limor Ganot - Independent Non-Executive Director, Andrea Gisle Joosen - Independent Non-Executive Director. Remuneration Committee: Andrea Gisle Joosen (Chair) - Independent Non-Executive Director, Anne de Kerckhove - Senior Independent Director, Limor Ganot - Independent Non-Executive Director. ESG Committee: Anne de Kerckhove (Chair) - Senior Independent Director, Mark Summerfield - Independent Non-Executive Director, Ori Shaked - Non-Executive Director. Nominations Committee: Anne de Kerckhove (Chair) - Senior Independent Director, Ori Shaked - Non-Executive Director, Limor Ganot - Independent Non-Executive Director. Lord Jon Mendelsohn will also become a member of the Nominations Committee once he resumes his position as Non-Executive Chair on 16 October 2023. Gaming Compliance Committee: Michael Alonso - Chair, Mark Summerfield - Independent Non-Executive Director, Ori Shaked - Non-Executive Director. Mr. Alonso is an external Nevada lawyer who chairs the Gaming Compliance Committee but is not a board member. In line with the announcements made on 19 July 2023 and 13 September 2023, Andria Vidler and Yariv Dafna will be stepping down from the Board on 30 September 2023 and 2 October 2023 respectively. Aankondiging • Sep 15
888 Holdings plc Announces Step Down of Yariv Dafna from the Board on October 2, 2023 888 Holdings plc announced the Group's current CFO, Yariv Dafna, will step down from his role and the board on October 2, 2023 following an orderly handover of responsibilities to Vaughan Lewis, the Group's Chief Strategy Officer, who will also assume the role of interim CFO until Sean joins the Group. Aankondiging • Sep 13
888 Holdings plc Announces Change of CFO 888 Holdings plc announces the appointment of Sean Wilkins as Chief Financial Officer, with effect from February 1, 2024. Sean has seventeen years of experience in CFO roles at both private and public companies, having most recently held the position of Group CFO of Superbet, a leading omni-channel betting and gaming business with operations primarily across Romania, Poland, Serbia and Belgium. Prior to this, Sean held CFO roles at several consumer-facing businesses including Big Bus Tours, Domino's Pizza Group PLC, Tesco Malaysia, Tesco Telecom, and O2 Asia. The Group's current CFO, Yariv Dafna, will step down from his role and the Board on October 2, 2023 following an orderly handover of responsibilities to Vaughan Lewis, the Group's Chief Strategy Officer, who will also assume the role of interim CFO until Sean joins the Group. Aankondiging • Aug 17
888 Holdings plc Provides Revenue Guidance for the Year 2023 888 Holdings plc provided revenue guidance for the year 2023. For the year, the company expects revenues to be lower than pro forma 2022 by a low to mid single digit percentage. Aankondiging • Aug 03
888 Holdings plc to Report Q2, 2023 Results on Aug 15, 2023 888 Holdings plc announced that they will report Q2, 2023 results on Aug 15, 2023 Aankondiging • Jul 26
888 Holdings plc Appoints Per Widerström as Chief Executive Officer, Effective on 16 October 2023 888 Holdings plc announced the appointment of Per Widerström as Chief Executive Officer ("CEO"), with effect from 16 October 2023. Per has more than 17 years of experience in the online gaming industry, having most recently held the position of CEO at Fortuna Entertainment Group, a market leading omni-channel betting and gaming business across Central and Eastern Europe, from 2014 to 2022. Prior to that Per held a succession of senior roles across leading online gaming businesses from 2006 onwards. Upon Per joining the Group, Lord Mendelsohn will return to the role of non-executive Chair, whilst ensuring a smooth transition of responsibilities. Aankondiging • Jul 22
888 Holdings plc Announces Resignation of Andria Vidler from Board of Directors and as Chair of the Esg Committee with Effect from 30 September 2023 888 Holdings plc announced that Andria Vidler will resign from the Board of Directors and as Chair of the ESG Committee with effect from 30 September 2023 due to her appointment to UK CEO of Allwyn Entertainment UK which was announced on July 19, 2023. Aankondiging • Jun 14
Paf-Consulting Abp completed the acquisition of Latvian business from 888 Holdings plc (LSE:888) and others. Paf-Consulting Abp entered into an agreement to acquire Latvian business from 888 Holdings plc (LSE:888) and others for €28.25 million on May 22, 2023.The business initial consideration of €24 million (£20.9 million) to be paid in cash upon completion of the Transaction, and a further potential earn-out of up to €4.25 million (£3.7 million) payable in 2024 upon completion of the 2023 audited financials. In 2022 the Latvia business generated net revenue of €10.28 million and EBITDA of €2.82 million, and the value of the gross assets subject to the transaction, as set out in the 31 December 2022 balance sheet, was approximately €10.51 million. Completion is currently expected to occur in the coming weeks.Paf-Consulting Abp completed the acquisition of Latvian business from 888 Holdings plc (LSE:888) and others on June 13, 2023. Aankondiging • May 24
888 Holdings plc Announces Executive Changes 888 Holdings plc at the AGM, the shareholders approved the election of Andrea Gisle Joosen; Andria Vidler and Ori Shaked as Director. Aankondiging • May 23
Paf-Consulting Abp acquired Latvian business from 888 Holdings plc (LSE:888) and Green for €28.25 million. Paf-Consulting Abp acquired Latvian business from 888 Holdings plc (LSE:888) and Green for €28.25 million on May 22, 2023.The business initial consideration of €24 million (£20.9 million) to be paid in cash upon completion of the Transaction, and a further potential earn-out of up to €4.25 million (£3.7 million) payable in 2024 upon completion of the 2023 audited financials. In 2022 the Latvia business generated net revenue of €10.28 million and EBITDA of €2.82 million, and the value of the gross assets subject to the transaction, as set out in the 31 December 2022 balance sheet, was approximately €10.51 million. Completion is currently expected to occur in the coming weeks. Aankondiging • Jan 14
888 Holdings plc Announces Stepdown of Yariv Dafna as Executive Director, Effective March 31, 2023 888 Holdings plc also announces that the Board and Yariv Dafna, Chief Financial Officer and Executive Director, have mutually agreed that he will step down following the publication of the Group's FY22 results. Yariv has made significant contributions to 888's progress in recent years, including through its transformational combination with William Hill. Yariv will step down from his role as Chief Financial Officer and as an Executive Director on 31 March 2023. The Board has commenced a search to identify a successor. Aankondiging • Oct 07
888 Announces the Launch of 888Bet in Kenya, Tanzania, Mozambique and Zambia with Local Licences Through the Joint Venture 888AFRICA 888 announced the launch of 888bet in Kenya, Tanzania, Mozambique and Zambia with local licences through the joint venture 888AFRICA. Founded in March 2022, 888AFRICA licences 888's world-class betting and gaming brands with an ambitious strategy to expand across Africa's regulated online betting and gaming markets. It is managed by a team of highly respected industry leaders, led by Christopher Coyne, former CEO of GOAT Interactive and former CMO of The Stars Group. 888bet, its consumer brand, offers a unique betting experience for players, combining 888's innovative and exciting brand with locally relevant product features. 888AFRICA's Team has focused on customer experience and already has 85% coverage of mobile network operator payments in its markets. 888bet offers cash out, jackpots, and free to play and on 888casino there are over 1,500 casino games with the full casino offering in Zambia, with future launches planned in other markets subject to licensing. The offering is currently available in Swahili, Portuguese, and English, and has launched in each market with several launch offers for new players. Expanding into markets like Kenya, Tanzania, Mozambique and Zambia, which have attractive, long-term growth potential, is a key part of 888's corporate strategy. With the African gambling market forecast to reach $5.6 billion by 20301, 888bet is well placed to capitalise on growing demand and maximise growth opportunities. Aankondiging • Sep 14
888 Confirms the Appointment of Ori Shaked to the Board of Directors 888 confirmed the appointment of Ori Shaked to the board of directors with immediate effect following the announcement on 6 July 2022 of its intention to appoint him. Aankondiging • Aug 31
888 Holdings plc Announces Resignation of Randy Freer from the Board of Directors 888 Holdings plc announced that Randy Freer, as a result of his increased outside commitments, has resigned from the Board of Directors with immediate effect. Aankondiging • Aug 12
888 Holdings plc Provides Revenue Guidance for the Second Half of 2022 888 Holdings plc provided revenue guidance for the second half of 2022. For the period, the company expected to report revenue to be in line with revenue in the first half of 2022. Aankondiging • Jul 29
888 Holdings plc to Report First Half, 2022 Results on Aug 12, 2022 888 Holdings plc announced that they will report first half, 2022 results on Aug 12, 2022 Aankondiging • Jul 08
Broadway Gaming Ltd Completed the acquisition of Bingo business of 888 Holdings Plc from 888 Holdings plc (LSE:888) for approximately $45 million. Broadway Gaming Ltd agreed to acquire Bingo business of 888 Holdings Plc from 888 Holdings plc (LSE:888) for $54 million on December 15, 2021. Saphalata Holdings Ltd will pay $50 million on completion, with a potential additional amount of $4 million due six months after that. The bingo operations generated revenue of some $65 million and booked a pre-tax loss of $76.4 million, including a goodwill impairment of $79.5 million. The disposal is subject to a reorganisation of the bingo business and its receipt of a separate license from the UK Gambling Commission (UKGC). The sale is projected to wrap up in the second quarter of 2022. Oakvale Capital LLP acted as Financial advisor to 888 Holdings plc (LSE:888). Herzog Fox & Neeman acted as Legal advisor to 888 Holdings plc (LSE:888). FinRes Limited acted as Financial advisor to Broadway Gaming Ltd and Wiggin LLP acted as Legal advisor to Broadway Gaming Ltd.
Broadway Gaming Ltd Completed the acquisition of Bingo business of 888 Holdings Plc from 888 Holdings plc (LSE:888) for approximately $45 million on July 07, 2021. Consideration is $43.25 million payable on completion, and a further $2 million unconditionally payable in one year. Aankondiging • Jul 06
888 Holdings plc Announces Appointment of Non-Executive Directors 888 Holdings plc announced following the completion of the acquisition of the international (non-US) business of William Hill, the expansion of the board of directors with the appointments of Andrea Gisle Joosen, Andria Vidler and Randy Freer as Independent Non-Executive Directors with immediate effect. Andrea Gisle Joosen: Andrea is a highly experienced non-executive director having held leadership positions across multiple international technology and consumer industries companies. Andrea currently serves as a non-executive director for Currys plc in the UK and Billerud AB in Sweden. She previously chaired Sweden-headquartered Acast AB and was a non-executive director at ICA Gruppen, James Hardie Industries plc and Mr. Green & Co, the online gaming business which was acquired by William Hill plc in 2018. During her executive career, Andrea has held numerous leadership roles in the media and technology sectors including as CEO of Boxer TV Sweden and as Managing Director of Nordics for Panasonic, Chantelle Group, and Twentieth Century Fox. Andria Vidler: Andria has 30 years' experience in marketing and technology, focusing on re-energising brands through consumer engagement and digital innovation. Since 2020 she has been the CEO of Tag EMEA, the independent end-to-end creative production partner for brands and agencies. Andria leads the global ESG strategy for Tag. Andria spent the previous six years as CEO of Centaur Media PLC. Prior to Centaur, Andria spent four years as CEO for EMI Music UK & Ireland and has held senior roles at Bauer Media and at the BBC. She was a non-executive for Gamesys PLC where she chaired the ESG committee. She has previously served as a Trustee for the Media Trust and The Roundhouse Trust from and as Chairman of the Marketing Group of Great Britain. Randy Freer: Randy Freer is CEO of The Freer Company which provides business vision and brand narrative advice to a broad spectrum of companies. Prior to setting up The Freer Company, Randy was CEO of Hulu, the American subscription streaming service. Before Hulu, Randy led 21st Century Fox's global entertainment and sports television assets. As President and COO of the Fox Networks Group he oversaw all operational areas and distribution and advertising revenue, business development, and strategy. Randy also served on the Hulu, National Geographic, and Big Ten Network boards in this role. Randy was also previously a Senior Advisor to McKinsey Consulting in the TMT, Sports and Advertising Tech, and Digital Transition sectors. Aankondiging • Jun 23
888 Holdings plc Provides Earnings Outlook for the Six Months Ended 30 June 2022 888 Holdings plc provided earnings outlook for the six months ended 30 June 2022. For the period, the company expects to report revenue of between £330-335 million. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.04, the stock trades at a trailing P/E ratio of 13.8x. Average forward P/E is 18x in the Hospitality industry in Germany. Total returns to shareholders of 26% over the past three years. Aankondiging • May 18
888 Holdings plc, Annual General Meeting, Jun 15, 2022 888 Holdings plc, Annual General Meeting, Jun 15, 2022. Aankondiging • Apr 20
888 Holdings plc Appoints Howard Mittman as President 888 US 888 Holdings Plc announced the appointment of Howard Mittman as the Group's new President 888 US. Mittman will be responsible for 888's US operations, including its strategic partnership with Authentic Brands Group a brand development, marketing and entertainment company and owner of the Sports Illustrated brand. Most recently, he served as the CEO of Bleacher Report. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: US$980.1m (up 15% from FY 2020). Net income: US$68.9m (up US$57.6m from FY 2020). Profit margin: 7.0% (up from 1.3% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 107% growth forecast for the restaurants industry in Germany. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €2.32, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Hospitality industry in Europe. Total returns to shareholders of 38% over the past three years. Aankondiging • Feb 25
888 Holdings plc to Report Fiscal Year 2021 Results on Mar 09, 2022 888 Holdings plc announced that they will report fiscal year 2021 results on Mar 09, 2022 Aankondiging • Dec 16
Saphalata Holdings Ltd agreed to acquire Bingo business of 888 Holdings Plc from 888 Holdings plc (LSE:888) for $54 million. Saphalata Holdings Ltd agreed to acquire Bingo business of 888 Holdings Plc from 888 Holdings plc (LSE:888) for $54 million on December 15, 2021. Saphalata Holdings Ltd will pay $50 million on completion, with a potential additional amount of $4 million due six months after that. The bingo operations generated revenue of some $65 million and booked a pre-tax loss of $76.4 million, including a goodwill impairment of $79.5 million. The disposal is subject to a reorganisation of the bingo business and its receipt of a separate licence from the UK Gambling Commission (UKGC). The sale is projected to wrap up in the second quarter of 2022. Recent Insider Transactions • Sep 12
Key Executive recently bought €110k worth of stock On the 9th of September, Jonathan Mendelsohn bought around 24k shares on-market at roughly €4.58 per share. This was the largest purchase by an insider in the last 3 months. Jonathan has been a buyer over the last 12 months, purchasing a net total of €226k worth in shares. Aankondiging • Sep 10
888 Holdings plc (LSE:888) entered into an agreement to acquire International (non-US) business of William Hill Limited for £2.2 billion. 888 Holdings plc (LSE:888) entered into an agreement to acquire International (non-US) business of William Hill Limited for £2.2 billion on September 9, 2021. £2.2 billion, which includes £0.7 billion relating to the assumption of existing William Hill Limited (WHI) bonds, and £0.1 billion of IFRS-16 capitalised leases. After the repayment of debt and other working capital adjustments, Caesars Entertainment, Inc. (NASDAQ: CZR), parent of William Hill expects to receive net proceeds from the transaction of approximately £835 million. In order to fund the Acquisition, 888 has obtained fully committed debt financing from J.P. Morgan, Morgan Stanley and Mediobanca of approximately £2.1 billion, which includes approximately £1.64 billion (equivalent) of term loans and approximately £500 million (equivalent) of bridge loans/senior secured notes. 888 has also obtained a fully committed revolving credit facility of £150 million. To create a more beneficial long-term capital structure, 888 expects to raise approximately £500 million of gross proceeds by issuing new equity via a capital raise ("Capital Raise") to be undertaken at an appropriate time, such that pro forma net leverage ratio is under 4x. The board of directors currently expects no changes to 888's existing dividend policy (50% of adjusted net profits) following Completion. 888 will pay a compensation amount of £14.9 million if agreement is terminated. The listing of 888's ordinary shares on the premium listing segment of the Official List will be cancelled upon Completion. Applications will be made to the FCA for the ordinary shares to be re-admitted to the premium listing segment of the Official List and to the London Stock Exchange to be re-admitted to trading on the main market for listed securities ("Re-admission"). Re-admission is expected to occur immediately following (or as soon as practicable after) Completion.
Completion of the Acquisition is conditional upon, approval by 888 shareholders at the General Meeting by ordinary resolution, the FCA's approval of the Re-admission, relevant gaming-related approvals being obtained, relevant anti-trust approval being obtained and completion of a re-organisation of the William Hill to complete the separation of the US and non-US businesses of William Hill. Subject to satisfaction of the Conditions, Completion is expected to occur during the first half of 2022. Transaction is expected to be value accretive and deliver a post-tax ROIC that exceeds 888's cost of capital in the first full year following the Completion and expected enhancement to 888's adjusted net earnings per share of more than 50% in the first full year following Completion. Dwayne Lysaght, Nicholas Hall and Jonty Edwards of J.P. Morgan Securities plc and John Orem and Derek Herbert of Stifel, Nicolaus & Company, Incorporated acted as financial advisors and Herzog Fox & Neeman and Latham & Watkins LLP acted as legal advisors to 888. Deutsche Bank acted as financial advisor and Linklaters LLP acted as legal advisor to Caesars Entertainment, Inc. Aankondiging • Sep 05
888 Holdings Reportedly Said to Vie with Apollo for William Hill Assets as CVC Drops 888 Holdings plc (LSE:888) is competing with Apollo Global Management, Inc. (NYSE:APO) in the final race to acquire bookmaker William Hill Limited’s European operations, people with knowledge of the matter said. CVC Capital Partners Limited, the owner of sports betting firm Tipico Co., has dropped out of the bidding, the people said, asking not to be identified because the information is private. Reported Earnings • Sep 03
First half 2021 earnings released: EPS US$0.14 (vs US$0.12 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: US$528.4m (up 39% from 1H 2020). Net income: US$50.7m (up 11% from 1H 2020). Profit margin: 9.6% (down from 12% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Executive Departure • May 22
Independent Non-Executive Director has left the company On the 21st of May, Zvika Zivlin's tenure as Independent Non-Executive Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Zvika's name. A total of 2 executives have left over the last 12 months. Recent Insider Transactions • May 21
Key Executive recently bought €116k worth of stock On the 19th of May, Jonathan Mendelsohn bought around 26k shares on-market at roughly €4.46 per share. This was the largest purchase by an insider in the last 3 months. This was Jonathan's only on-market trade for the last 12 months. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS US$0.031 (vs US$0.11 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$849.7m (up 52% from FY 2019). Net income: US$11.3m (down 73% from FY 2019). Profit margin: 1.3% (down from 7.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Aankondiging • Mar 17
888 Holdings plc Appoints Anne De Kerckhove as Senior Independent Director 888 Holdings plc announced that Anne de Kerckhove has been appointed as Senior Independent Director with immediate effect. Anne has been a Non-executive Director of the company since 28 November 2017 and chairs its Nominations Committee. Anne is currently the CEO of Freespee. Previously, she was the CEO of Iron Capital and the Managing Director EMEA for Videology, Global Director of Reed Elsevier, and COO and International Managing Director at Inspired Gaming Group. Aankondiging • Mar 05
888 Holdings plc to Report Fiscal Year 2020 Results on Mar 18, 2021 888 Holdings plc announced that they will report fiscal year 2020 results on Mar 18, 2021 Aankondiging • Mar 04
888 Holdings plc Announces Directorate Change 888 announced that Lord Jonathan (Jon) Mendelsohn will take up the role of Chair on March 31, 2021, further to the Group's announcement on September 23, 2020 which stated that he had joined 888 as Chair Designate. Brian Mattingley has informed the company of his intention to take the role of Chair of Playtech. It has been mutually agreed that Brian will remain a member of the Board and Chair until 31st March 2021, and will remain available as a consultant to 888, before taking up the new role as Chair of Playtech from June 2021. Is New 90 Day High Low • Feb 16
New 90-day high: €3.64 The company is up 22% from its price of €2.99 on 18 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.52 per share. Aankondiging • Jan 20
888 Extends Partnership with Caesars Interactive Entertainment 888, announced that it has agreed to a multi-year extension of its exclusive B2B poker partnership with Caesars Interactive Entertainment. The new agreement will see 888 continue to power the World Series of Poker brand's online poker rooms as the company plans its entry into new regulated markets. The partnership will also see the company continue to power the U.S. market's only interstate shared player liquidity poker network across the states of New Jersey, Delaware and Nevada, connecting an increasing number of poker players to enhance the availability of poker games and formats for its customers. The agreement will see the launch of "Poker 8", the company's next generation software, in the U.S. Poker 8, which successfully launched in Europe in November 2020, is a significant advancement in user experience including new graphics and animations while also including key features like multi-day and multi-flight tournaments. In addition to powering the WSOP online poker brand, the partnership will also see the company continue to supply its proprietary casino platform and content to CIE's casino brands, Harrah's and World Series of Poker Casino in New Jersey. The partnership will also enable the company, through the WSOP brand and subject to regulatory approvals, to gain a presence in new jurisdictions across the U.S., such as Pennsylvania, where CIE holds a license to operate. Is New 90 Day High Low • Jan 08
New 90-day high: €3.39 The company is up 14% from its price of €2.98 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.93 per share. Is New 90 Day High Low • Dec 17
New 90-day high: €3.17 The company is up 59% from its price of €2.00 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.03 per share. Is New 90 Day High Low • Nov 30
New 90-day high: €3.05 The company is up 40% from its price of €2.18 on 01 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.41 per share. Recent Insider Transactions • Nov 22
CEO & Director recently sold €869k worth of stock On the 16th of November, Itai Pazner sold around 300k shares on-market at roughly €2.90 per share. This was the largest sale by an insider in the last 3 months. This was Itai's only on-market trade for the last 12 months. Aankondiging • Nov 13
888 Announces Appointment of Vaughan Lewis Chief Strategy Officer 888 announced the appointment of Vaughan Lewis in the newly created role of Chief Strategy Officer (CSO). Vaughan will join the Group in early 2021. Vaughan joins 888 from Flutter Entertainment Plc where he held the position of transformation lead for the international business following its acquisition of The Stars Group in May 2020. Prior to that he held the roles of SVP of Communications at The Stars Group and Director of Corporate Development at Sky Betting & Gaming. Previously, he was an equity research analyst at Morgan Stanley specializing in betting and gaming companies. Reporting to CEO, Itai Pazner, Vaughan will support Itai in the development of the Group's long-term strategy and will be responsible for strategic business development including M&A origination and execution. In addition, Vaughan will be responsible for investor relations, working closely with the CFO to develop the Group's investor relations strategy. Is New 90 Day High Low • Oct 14
New 90-day high: €3.04 The company is up 49% from its price of €2.04 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.65 per share. Recent Insider Transactions • Oct 09
CFO & Director recently sold €288k worth of stock On the 5th of October, Aviad Kobrine sold around 100k shares on-market at roughly €2.88 per share. This was the largest sale by an insider in the last 3 months. This was Aviad's only on-market trade for the last 12 months. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of US$67.4m, up 14% from the prior year. Total revenue was US$662.1m over the last 12 months, up 24% from the prior year. Aankondiging • Oct 01
888 Reportedly Signals Interest in Buying William Hill’s European Business 888 Holdings plc (LSE:888) said to be interested in William Hill plc (LSE:WMH) European business. The U.S. group, owner of Las Vegas’s Caesars Palace, intends to sell William Hill’s non-U.S. operations, including more than 1,400 UK betting shops, and said it would integrate the U.S. business into Caesars with few, if any, job losses. It could sell the UK assets to private equity group Apollo, sources told Reuters this week, and if that failed, launch an auction process. Online gaming firm 888 said it would be interested. “We’re looking at different activities and bolt-on acquisitions. This (William Hill’s European business) can definitely fall under that category,” Chief Executive Officer Itai Pazner told Reuters. Is New 90 Day High Low • Sep 28
New 90-day high: €2.29 The company is up 18% from its price of €1.94 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.51 per share. Aankondiging • Sep 24
888 Holdings plc Announces Management Changes 888 Holdings Plc announced the appointment of Lord Jonathan (Jon) Mendelsohn as a Non-Executive Director and Chair Designate with immediate effect. Jon has also joined the Board's Remuneration Committee and Audit Committee. Jon is a highly experienced gambling sector professional with more than 20 years' industry experience that includes co-founding Oakvale Capital LLP. He is the Senior Adviser to Value Retail. Jon will succeed Brian Mattingley as Chair of the Board when Brian stands down from the Group at the next Annual General Meeting in May 2021. Aankondiging • Aug 19
888 Holdings plc to Report First Half, 2020 Results on Sep 30, 2020 888 Holdings plc announced that they will report first half, 2020 results on Sep 30, 2020