888 Gaming, known as 888 Holdings Plc, was established in May 1997 by Israeli entrepreneurs Avi and Aaron Shaked along with Shay and Ron Ben-Yitzhak. The company, initially Virtual Holdings Limited, was founded in the British Virgin Islands. In its early years, 888 obtained an Antiguan gaming license and launched Casino-on-Net, its first platform. By 2002, it moved its headquarters to Gibraltar and acquired a local gaming license. Notably, in 2005, 888 listed on the London Stock Exchange and joined eCOGRA. The company expanded its operations over the years, including the acquisition of William Hill in 2022, solidifying its status as a global leader in online gaming and sports betting.
In FY2022, 888 Holdings generated $1.53 billion in revenue, up from $881 million the previous fiscal year. However, the company reported a pre-tax loss of $143 million for the same period.
Jurisdiction | License Details |
---|---|
New Jersey, USA | Licensed and regulated by the New Jersey Division of Gaming Enforcement (Permit Number: NJIGP 13-006) and the New Jersey Casino Control Commission. |
Gibraltar | Operates under a license granted by the government of Gibraltar (Remote Gaming License Numbers 112 and 113 by Virtual Global Digital Services Limited and VDSL (International) Limited, part of 888 Holdings). |
United Kingdom | Services operated by 888 UK Limited, licensed and regulated by the Great Britain Gambling Commission. |
European Single Market | Services operated by Virtual Digital Services Limited, a company in Malta, under the gaming license MGA/CRP/543/2018 issued on 11/10/2019. |
Ireland | Betting products operated by 888 (Ireland) Limited, licensed and regulated by Ireland’s Revenue Commissioners. |
Ontario, Canada | Secured an igaming license issued by the Alcohol and Gaming Commission of Ontario (AGCO). |
Per Widerström: CEO of 888 Holdings.
Jonathan Mendelsohn: Chairman of 888 Holdings.
Avi Shaked: Co-founder of 888 Holdings.
Aaron Shaked: Co-founder of 888 Holdings.
Shay Ben-Yitzhak: Co-founder of 888 Holdings.
Ron Ben-Yitzhak: Co-founder of 888 Holdings.
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