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Prices & Quotes - UK Markets - 888 Holdings (888)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 302.80p
Change Today:
-4.60p
Market Cap:
1,128.71m
Sector:
Travel & Leisure

888 Holdings to develop online sports betting offering for Sports Illustrated

By Iain Gilbert

Date: Thursday 24 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Gambling firm 888 Holdings has struck a strategic partnership with Sports Illustrated owner Authentic Brands Group that will see the UK-based group develop online sports betting and iGaming products for the American publisher in the United States.
888 said on Thursday that it will leverage its "world-class proprietary and scalable technology" to kick off the partnership with an all-new Sports Illustrated wagering experience, expected to launch in Colorado in the second half of 2021, with other states to follow.

Under the agreement, ABG will grant to 888 an exclusive license for the use of the Sports Illustrated brand and trademarks for online sports betting and iGaming, while ABG will receive certain brand license and affiliate fees, and a minority passive interest in 888.

Chief executive Itai Pazner said: "We are delighted to announce this strategic partnership, enabling us to accelerate our investment into the US, which represents one of the most exciting long-term growth opportunities for our company.

"This agreement provides us access to millions of engaged sports fans across the US, giving us a high-volume and cost-effective customer acquisition channel, and great content to engage sports fans. We are excited about the potential to deliver our cutting-edge, proprietary sportsbook platform into the market, providing Sports Illustrated fans with a first-class betting and gaming experience."

As of 0840 BST, 888 shares were up 2.54% at 404.20p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

888 Holdings Market Data

Currency UK Pounds
Price 302.80p
Change Today -4.60p
52 Week High 478.00p
52 Week Low 272.50p
Volume 936,268
Shares Issued 372.76m
Market Cap 1,128.71m
Beta 1.06

Performance Indicators

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What The Brokers Say

Strong Buy 7
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 7
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

888 Holdings Dividends

  Latest Previous
  Interim Final
Ex-Div 16-Sep-21 25-Mar-21
Paid 13-Oct-21 24-May-21
Amount 4.50¢ 10.40¢

Trades for 03-Dec-2021

Time Volume / Share Price
16:35 249,339 @ 302.80p
16:29 106 @ 302.20p
16:29 22 @ 301.60p
16:29 829 @ 301.60p
16:29 41 @ 301.80p

888 Holdings Key Personnel

CEO Itai Pazner
CFO Yariv Dafna