888 Holdings Completes William Hill Acquisition Creating Global Betting Powerhouse
888 Holdings has effectively taken over William Hill’s global business, achieving a major accomplishment. This acquisition brings the renowned William Hill and Mr Green brands under the 888 banner, establishing a gaming giant.
Following the merger, 888 revealed a number of executive shifts. Significantly, William Hill’s CEO, Ulrik Bengtsson, resigned, signaling the start of this change. Eric Hageman, the CFO, will also depart as part of what 888 terms an “organizational simplification.”
Nevertheless, 888 acknowledges the importance of knowledge and stability. Important William Hill figures, such as Mark Skinner, the Chief People Officer, and Satty Bhens, the Chief Product and Technology Officer, will remain in their current positions.
Itai Pazner, the current CEO of 888, will lead this newly combined organization, assisted by a seasoned team that includes Yariv Dafna as CFO and Guy Cohen as COO.
888 is scheduled to release its interim results in August, signaling its financial reporting switch to British pounds.
Pazner expressed his excitement, stating, “This is a historic occasion for 888, and we are delighted to finally greet the William Hill team. This combination elevates us to the status of a genuine worldwide betting leader.”
A robust leadership group has been assembled, merging the top talent from both organizations. Moving forward, we will capitalize on our exclusive technology and globally recognized brands, uniting product and content expertise to establish a firm base for expansion.”
“My gratitude goes out to Ulrik and Eric for their exceptional dedication to William Hill, and I extend my best wishes for success in their future pursuits.”
