22/07/2018 Off By Eduardo Steward

888 Company Background

888 primary county listing is GBR under exchange price information code “888”. The company operates in the resort and casino sector, providing online igaming entertainment under several different brands. 888 also has business to business solutions under brands: BingoHollywood.com, Moon Bingo, Dragonfish, World Series of Poker, Delaware Lottery, Foxy Bingo, Tau Marketing, 8Ball, Mytopia and Gaming Realms.

888 Board of Directors

Brian Mattingley is the current Non-Executive Chairman having previously been 888’s Chief Executive Officer since March 2012. His prior roles were at Gala Regional Developments Limited, Ritz Bingo Limited, Kingfisher Plc and Dee Corporation Plc.

Itai Frieberger is the current Chief Executive Officer having been appointed in March 2016. He was 888’s Chief Operating Officer since April 2011. Itai has been with the group since 2003.

Aviad Kobrine role is as the Chief Financial Officer and has kept that position since June 2005. He was previously a banker with the Media Telecoms Investment Banking Group and Slaughter and May. He holds a Masters in Finance from the London Business School and an LLB from Tel Aviv University.

Ron McMillan is one of three Independent Non-executive’s. Ron his a one company working man having spent his  whole career with PricewaterhouseCoopers until he retired in 2013. Ron is the Senior Independent Director and Chairman of the Audit Committee of N Brown Group Plc and SCS Plc and Chairman of the Audit Committee of B&M European Value Retail SA.

Zvika Zivlin is an Independent Non-executive. Zvika is the Founder and Managing Partner of Tulip Capital and currently serves on the advisory board of Infinidat Ltd. Mr. Zivlin holds an MSc in Economics from the London School of Economics, an MBA and a BA in Economics and Managementfrom Tel Aviv University.

Anne de Kerckhove is an Independent Non-executive (and the only female on the current board). She is currently the CEO of Iron and has extensive experience in the digital space. Anne is also an angel investor and mentor for early-stage startups and entrepreneurial funds including Metail, CRE and Daphni, and holds board positions with 7digital, WeMoms and Snowite. Anne holds a Bachelor of Commerce from McGill University and an MBA from INSEAD.

888 Shareholder Information

Subtstanital shareholder information was not up to date at the time of writing on 22nd July 2018.

As at 31 December 2017, the Company had been notified of the following interests in 5% or more of its share capital under Disclosure Guidance and Transparency Rules (“DTR”) Rule 5 of the UK Financial Conduct Authority.

Principal shareholders Number of Shares % Issued Share Capital
Sinitus Nominees Limited in trust on behalf of Dalia Shaked 86,283,534 24.10%
Majedie Asset Management Limited 35,336,801 9.90%
Indirect Standard Life Investments Limited 17,996,793 5.00%


888 Profit and Loss Annual Report

Year ended 31 December 20171 Year ended 31 December 20161
US$ million US$ million
Revenue – B2C
Casino2 293.9 282.1
Poker 77.9 84.4
Sport 75.5 51.9
Bingo 39.3 41.8
Total B2C 486.6 460.2
B2B 55.2 60.6
Revenue 541.8 520.8
Operating expenses3 138.8 136.1
Gaming duties 75.2 60.5
Research and development expenses 35.4 34.3
Selling and marketing expenses 162.5 170.2
Administrative expenses4 29.2 29.5
Adjusted EBITDA 100.7 90.2
Depreciation and amortisation 19.3 19
Finance 3.1 1.3
Adjusted profit before tax6 78.3 69.9
Share benefit charges 8.5 6.7
Exceptional charges5 50.8 3.9
Share of equity accounted associates loss 0.2 0.1
Profit before tax 18.8 59.2
Adjusted basic earnings per share 20.1¢ 17.4¢
Basic earnings per share 3.5¢ 14.4¢


888 IR Contact

Alex Brennan/ Michael Sandler
Hudson Sandler
29 Cloth Fair
Telephone: +44 (0)20 7796 4133
Facsimile: +44 (0)20 7796 3480
Email: 888@hudsonsandler.com


*source https://corporate.888.com

See also; 888 Holdings