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DraftKings
DraftKings discussed bid for William Hill owner 888
...DraftKings’ chief executive Jason Robins held talks with a group of 888 shareholders — FS Gaming — about making an all-stock offer for William Hill owner 888, the people said....
November 9, 2023
Masayoshi Son
SoftBank’s Masayoshi Son piles debt on to Silicon Valley mansion
...Nestled at the top of a hill and shrouded behind trees and fences, Son’s European-style villa is now mostly hidden from passers-by....
January 14, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
The crisis in European equities
Flight risk? London listings are the most vulnerable to New York’s allure
...Oliver Barnes 3. GSK Listing: London Like many other pharmaceutical companies, GSK generates almost half its sales in the US because of the country’s high drug prices....
May 26, 2023
Accor SA
Accor in talks with Dubai Holding to fund Orient Express superyachts
French hotel group’s plan for two superyachts underlines growing Middle Eastern interest in luxury travel sector
February 27, 2024
Bet365 Group Ltd
Bet365 ‘cash machine’ keeps paying out for the house
The Stoke-run gambling empire has made Denise Coates one of the world’s best-paid bosses
January 12, 2024
888 Holdings PLC
888 warns of profit hit from AI and marketing costs
...He added that he “[continued] to see material upside from the successful execution of the William Hill integration”. 888 bought William Hill’s non-US business from Caesars Entertainment in a £1.95bn deal...
January 17, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
888 Holdings PLC
William Hill owner warns on profits following ‘customer friendly’ sports results
...William Hill owner 888 has issued a profit warning, blaming the impact of compliance and regulatory changes and “customer friendly” sports results cutting into margins....
September 28, 2023
Entain PLC
Activist investors pile pressure on Ladbrokes owner Entain
Hedge funds take aim at chief executive of UK gambling company
November 22, 2023
Apollo Global Management LLC
Apollo to buy Wagamama owner in £506mn deal
Sale of The Restaurant Group comes after months of pressure from activist investors
October 12, 2023
Climate change
Swaths of South America struggle with fires
...In the capital of Bogotá, the air quality became so bad because of fires in the city’s eastern hills that residents were advised to stay home where possible and use face masks when outdoors as military helicopters...
February 4, 2024
Gambling industry
Europe’s biggest online bingo site says 250 jobs are at risk
...In trading updates last month, William Hill owner 888 issued a profit warning and Ladbrokes owner Entain cut its full-year revenue forecasts, blaming regulatory reform as well as sporting results that favoured...
October 13, 2023
888 Holdings PLC
William Hill owner warns of UK licence risk from new shareholder
...Lord Jonathan Mendelsohn, 888’s chair who is serving as interim chief executive, said the William Hill owner was “fully co-operating” with the licence review....
July 14, 2023
Live news updates from June 6: SEC sues Coinbase, PGA Tour and Saudi-backed LIV Golf agree to merge
UK gambling industry veterans take stake in William Hill owner 888
...An investment vehicle backed by several UK gambling industry veterans revealed a more than 6.5 per cent stake in William Hill owner 888 Holdings....
June 6, 2023
Live news updates from June 7: Wildfire smoke blankets New York, China exports decline
UK gambling sector veterans take stake in William Hill owner 888
...An investment vehicle backed by several UK gambling industry veterans revealed a more than 6.5 per cent stake in William Hill owner 888 Holdings....
June 6, 2023
Entain PLC
Ladbrokes owner Entain puts aside £585mn to settle bribery probe
...Last month, William Hill owner 888 rejected the offer from FS Gaming Investment, which owns a 7 per cent stake in 888, to install former GVC chief executive Kenny Alexander as its new boss, citing the “potential...
August 10, 2023
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Soho House Ltd
Soho House teams up with Michael Milken to bring The Ned to Washington
...Plans for a Washington outpost of The Ned were first trailed at the Milken Institute Global Conference in 2019, an elite annual get-together in Beverly Hills....
August 18, 2023
John Thornhill
The AI revolution is generating some investor ‘hallucinations’ too
...In doing so, they have been increasingly muscling out the traditional Sand Hill Road VC merchants, who like to think they know best how to fund the future....
January 25, 2024
UK honours system
Former chancellor Sajid Javid knighted in New Year honours
...Additional reporting by Samuel Agini and Oliver Barnes...
December 29, 2023
888 Holdings PLC
Second activist investor reveals stake in gambling group 888
...Its stock price has languished over the past year because of a series of compliance failings and fast-rising interest rates that have soured its £1.95bn debt-fuelled deal to buy William Hill....
June 14, 2023
888 Holdings PLC
Investor group including Kenny Alexander takes punt on 888
...An investment vehicle backed by a host of former board directors of gambling group GVC, including onetime chief executive Kenny Alexander, has taken a 6.5 per cent stake in William Hill owner 888, spotting...
June 6, 2023
William Hill PLC
William Hill hit with record £19.2mn fine
...the division behind William Hill’s 1,344 betting shops....
March 28, 2023
888 Holdings PLC
888 reinstates Middle Eastern accounts after compliance overhaul
...The group had previously announced plans to cut its debt pile to 3.5 times earnings after it ballooned as interest rates spiked at the time of the William Hill acquisition....
April 14, 2023
Live news updates from April 15: US banks report strong profits, Macron’s retirement plan cleared
Betting group 888 to reinstate Middle Eastern client accounts after probe
...The Gibraltar-based owner of William Hill has implemented “robust” procedures to accept new Middle Eastern customers, the company said in a statement on Friday....
April 14, 2023
Gambling industry
Austrian gamblers struggle to recoup money lost on ‘illegal’ betting sites
...Brands owned by 888 had previously paid out around €8mn but in recent months payments have stopped, according to all three legal groups involved. 888 bought William Hill and Mr Green as part of a £1.95bn...
March 5, 2023
HTSIHTSI autumn travel special
Sonia Cheng: ‘The key is to design a hotel that doesn’t feel like a hotel’
...If the starting prices in Beverly Hills of $10mn are any indication, they’re succeeding....
October 25, 2023

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