888 Holdings plc LSE: 888 zakłady bukmacherskie, kasyno online wł. William Hill

[slayer74]

wykres
https://finance.yahoo.com/chart/888.L
https://www.investing.com/equities/888-holdings

888 Holdings LSE: 888 zakłady bukmacherskie, kasyno online
Akcje spółki wchodzą w skład indeksu FTSE 250.

Spółki zależne:
William Hill - przejęcie 05.2022

https://corporate.888.com/
https://en.wikipedia.org/wiki/888_Holdings

[slayer74]

Caesars, 888 Holdings cut deal value of William Hill's non-U.S. assets

(Reuters) - British gambling firm 888 Holdings and U.S.-based Caesars (NASDAQ:CZR) Entertainment cut the deal value of William Hill's non-U.S. assets due to tough economic conditions and regulatory probes, the companies said on Thursday.

William Hill's international assets now have an enterprise value of between 1.95 billion pounds ($2.55 billion) and 2.05 billion pounds, they said, compared with 2.2 billion pounds when the deal was announced in September last year.

The revised cash consideration for the deal has now been reduced by about 30% to 584.9 million pounds, from 834.9 million pounds, 888 Holdings said.

The London-listed firm also announced plans to raise new equity of up to 70.8 million new shares, representing about 19% of its issued capital.

U.S.-based Caesars Entertainment had bought William Hill in a $4-billion deal last year, as part of its wider consolidation in the U.S. gambling industry.

888 then proposed to buy William Hill's non-U.S. assets in September. The purchase, 888's largest since listing in London nearly two decades ago, gave the company access to William Hill's 2 million active UK customers.

Shares of 888 surged 13% in early trading.

[Emily0]

Co miesiąc w Polsce pojawiają się nowe firmy bukmacherskie, a wiele z nich oferuje nam niezwykle ciekawe bonusy. Coraz więcej osób decyduje się przeznaczyć pieniądze na niektóre imprezy sportowe. Chcemy im pomóc i prezentować opinie najlepszych bukmacherów na rynku https://www.probukmacher.pl/akademia/bukmacherzy/lvbet/lvbet-rejestracja/ Zachęcamy również do korzystania z systemów obstawiania, które z pewnością wpłyną na twój zysk.

[slayer74]

888 Holdings' (LON:888) stock fell 1.8% after Britain's Gambling Commission handed its largest financial penalty to the William Hill betting group, which 888 acquired last year, after it failed to protect consumers and stop money laundering.

[slayer74]

888 surged after the William Hill owner said it expects "significantly" higher adjusted core profit for this year, but that revenue could be lower by a low-to-mid single digit percentage.

[slayer74]

888 shares jump 20% after consortium of industry veterans reveal 6.5% stake
07 June 2023, 10:53

Consortium of industry experts take 6.5% stake
Could see proposals to change leadership and strategy
Shares down 90% since William Hill acquisition
Shares in embattled gambling and gaming company 888 Holdings (888) surged 20% to 96.2p after a consortium of investors composed of industry veterans disclosed a 6.5% stake.

FS Gaming investments disclosed its stake on Tuesday (6 June) and Bloomberg reported it is pushing for changes to boost the value of the company which could involve leadership and strategic changes.

A spokesperson for 888 told Reuters: ‘We welcome the investment of FS Gaming, which we believe reflects the significant value-creation potential in our business.’

Investment director at AJ Bell Russ Mould commented: ‘Troubled gambling stock 888, owner of the William Hill brand, received an injection of confidence as one-time directors of GVC (now part of Entain), including its former CEO Kenny Alexander, took advantage of a bombed-out share price to pick up a 6.5% stake.

‘The shares surged thanks to the implication that, for all its regulatory troubles, industry insiders still see value in the business and its brands.’

Since purchasing the international businesses of William Hill from Las Vegas-based casino operator Caesars Entertainment (CZR:NASDAQ) in September 2021 for £2.2 billion shares, shares in 888 have lost around 90% of their value.

On 31 January 2023 the shares dropped by almost a third after the company’s long time CEO Itai Pazner resigned following an internal probe into some of its operations in the Middle East.

The company subsequently revealed an internal investigation had not thrown-up any further issues and that new robust procedures were now in place.

HIGH DEBT LEVELS

The William Hill takeover catapulted 888 into third spot globally in terms of online revenues (£1.3 billion), and number three position in the UK and Spain and top five across several other markets.

However, the company took on large debts to finance the transaction which pushed net debt to EBITDA (earnings before interest, tax, depreciation, and amortisation) to 5.6 times which is considered high.

The company is aiming to reduce net debt to EBITDA to under 3.5 times by 2025. 888 is also guiding to generate at least £2 billion of revenue and earnings per share of 35p in 2025.

In April, the group gave an upbeat full-year outlook and guided for ‘significant’ growth in adjusted EBITDA for 2023 and achieving an EBITDA margin of at least 20%.

Disclaimer: Financial services company AJ Bell referenced in the article owns shares magazine. The author of the article (Martin Gamble) and the editor of the article (Daniel Coatsworth) own shares in AJ Bell.

[slayer74]

Akcje 888 zanurkowały ponad 10% po tym, jak grupa hazardowa poinformowała, że spodziewa się, że przychody w trzecim kwartale spadną o około 10% do 400 milionów funtów.

[slayer74]

JPMorgan reduced 888's price target to 150 pence from 180 pence while maintaining an 'Overweight' rating.

[slayer74]

William Hill i Mr Green należące do 888, spadł po tym, jak odnotował 10% spadek przychodów w trzecim kwartale, ponieważ ucierpiał z powodu nowych przepisów dotyczących hazardu.