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
|PROFIT AND LOSS ANNUAL REPORT|
|GROUP PROFIT AND LOSS ACCOUNT (REPORTED IN USD MILLION)|
|Year ended 31 December 20171||Year ended 31 December 20161|
|US$ million||US$ million|
|Revenue – B2C|
|Research and development expenses||35.4||34.3|
|Selling and marketing expenses||162.5||170.2|
|Depreciation and amortisation||19.3||19|
|Adjusted profit before tax6||78.3||69.9|
|Share benefit charges||8.5||6.7|
|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
|INVESTOR RELATIONS CONTACT|
|Alex Brennan/ Michael Sandler
29 Cloth Fair
|Telephone:||+44 (0)20 7796 4133|
|Facsimile:||+44 (0)20 7796 3480|
See also; 888 Holdings