An objective consideration by gambling specialist Bonuslots Casino Review
888 Casino is a name that most online gamblers have seen come by. The ardent sports betters probably also know 888 Sports. And this makes sense in that regard: 888 belongs to one of the larger parties of the online casino industry. Moreover, 888 Casino falls under 888 holdings, no child’s play. 888 Holdings has been around for almost 25 years and accounts for nearly one billion turnovers a year. That is why we think it is essential to discuss 888 Casino: who exactly is behind 888 Casino? And what is the history of the 888 Holdings company? Is there any remarkable information known, and are there numbers worth sharing? We thought so.
And let it be clear: this review is not meant to persuade you to play at 888 Casino. As a casino comparison site, we find it essential to give you the best possible picture of the online casino market in a general sense. This means that we discuss both legal and illegal providers on our website. The goal here is to inform you. In this way, you can also distinguish between where you should play and where not. So read with us about 888 Casino!
Read on, we are happy to explain our ratings.
The 888 Holdings PLC company owns the trade names (trading activities) under 888, such as:
- Wink Bingo and Sl Sportsbook
888 Holdings is currently a so-called “Public Limited Company,” established in 1997. Because how was that going then?
In May 1997, the Virtual Holdings Limited company was founded by Avi Shaked, Aaron Shaked, Shay Ben-Yitzhak, and Ron Ben-Yitzhak. As the surnames suggest, these Israeli entrepreneurs were two brothers together twice. The first website that Virtual Holdings Limited set up was called Casino-on-Net. This website was run from Antigua and was one of the first online gambling websites. Because: in the late 90s, online gambling started cautiously. Here and there are some poker sites, such as Everest poker, and sites with some simple casino games.
In 2002, under Virtual Holdings Limited, Reef Club Casino and the well-known Pacific Poker were also established, after which the active operation left Antigua for Gibraltar. In that period, the name was also changed to 888 Holdings.
Soon 888 Holdings became a significant player in the online casino market. In 2006, they talked about a possible ‘merger’ with Ladbrokes that did not go through. Instead, 888 acquired Glabalcom Limited in 2007. In 2012, it emerged that 888 peaked high on poker site rankings.
In 2018, 888 obtained a license in Malta: 888 was concerned about Brexit and its effect on their operation in Gibraltar.
Since March 2021, Jonathan Mendelsohn has been Chairman of 888 holdings. Mendelsohn is a well-known English lobbyist called ‘Lord Mendelson.’ He has had a seat in the English House of Lords in his political career. His wife Nicola is also working on the road: she has had top positions, including at Facebook Europe.
Remarkable information about 888 Casino
The company behind 888 Casino, 888 Holdings, obtained a license from the UK Gambling Commission on March 11, 2015. As far as we are concerned, this is not necessarily remarkable in the purest sense of the word. However, it is always an exciting indication. The UK Gambling Commission is seen as one of the stricter in Europe. In the Netherlands, it is also strict, just like, for example, in Denmark (where 888 Holdings also has a license).
In England, we see stringent requirements for addiction prevention. The UK Gambling Commission occasionally imposes firm fines on parties who (according to them) do not take it too closely with that. For example, LeoVegas has already had a substantial fine for that reason. In 2018, they had to tap 600,000 pounds.
Parties like bet365, which can be seen as ‘all British,’ are very strict regarding compliance. For example, you will also notice this if you want to work with bet365 as an affiliate. The fact that 888 Holdings (with 888 Casino) is licensed in England indicates that this party adheres to the rules well.
Indeed remarkable (and also very sad): on May 2, 2020, co-founder of 888 Holdings Shay Ben-Yitzhak died. He only turned 52, and the cause of his death was a plane crash. This was a smaller plane in which he flew with his 11-year-old son. The son survived the accident with a few scrapes.
Known figures about online casino 888 Casino
Let’s put some numbers in a row from 888 Casino. Or at least: from the holding company that is behind 888 Casino. And that’s 888 Holdings PLC. As stated earlier, 888 Holdings is a leading player in the online casino market. So let’s list some interesting things:
- Some 25 years ago (at the time of writing, 2022), 888 Holdings was founded. This was in May 1997. 888 Holdings was called Virtual Holdings Limited at that time.
- The value of a share in 888 Holdings (a Public Company) at the time of writing (January 2022) is 3.95 Dollars.
- At the same time, the company has a stock market value of 1.08 billion Pound Sterling.
- The company’s turnover was 849.7 million dollars in 2020. This high amount also had to do with the corona crisis.
- About 1350 people work for the company.
- As CEO, you don’t make bad at 888, so Gigi Levy earned an annual salary of 841 thousand dollars as CEO and received bonuses of around a million.
888 Casino in the news
That is the online casino world; there are hefty fines imposed by ‘Watch Dogs’ is something we do know. But interesting to name maybe that 888 Casino once had a record fine. 888 Holdings was fined as much as 7.8 million Pound Sterling in 2017.
The reason for this record fine: The UK Gambling Commission found that it was possible for a staggering 7000 players after exclusion (self-exclusion) to still be able to enter the account at 888, which continued for no less than 13 months. Hence the high fine.
What is 888 Casino best known for?
We may know 888sports from several sponsorships. For example, 888sports sponsored the following clubs:
- Birmingham City
- Nottingham Forest
- Preston North
888 Casino ourselves, we know from a wide range of slots. 888 Casino is the oldest product of 888 Holdings. 888poker was also launched in 2002. But we could argue that 888sports is the showhorse of 888 Holdings. 888sports was launched in March 2008. 888 also acquired BetBright in 2019 for 15 million Pound.