{"id":24,"date":"2024-06-11T07:23:24","date_gmt":"2024-06-11T04:23:24","guid":{"rendered":"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/11\/fs-gaming-acquires-minority-stake-in-888-holdings-aiming-for-turnaround\/"},"modified":"2024-06-12T10:51:41","modified_gmt":"2024-06-12T07:51:41","slug":"fs-gaming-acquires-minority-stake-in-888-holdings-aiming-for-turnaround","status":"publish","type":"post","link":"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/11\/fs-gaming-acquires-minority-stake-in-888-holdings-aiming-for-turnaround\/","title":{"rendered":"FS Gaming Acquires Minority Stake in 888 Holdings Aiming for Turnaround"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/tio7fie7DhE\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A collective of seasoned gaming professionals, FS Gaming, has acquired a minority share (6%) in 888 Holdings, the well-established online gaming firm.  Headed by Lee Feldman and Kenny Alexander, former leaders at GVC (currently Entain), the group intends to rejuvenate 888 and maximize its capabilities.<\/p>\n<p>FS Gaming boasts a formidable team possessing vast expertise in the gambling sector, featuring individuals like Stephen Morana and Daniel Shribman, along with financial backing from B. Riley Principal Investments.<\/p>\n<p>Their objective? To instigate change within 888. They have already commenced discussions with the company&#8217;s directors to explore potential enhancements, possibly encompassing leadership restructuring and strategic modifications. This follows a challenging period for 888, witnessing their share price plummet by over 60% on the London Stock Exchange. <\/p>\n<p>This development is particularly noteworthy considering the recent exit of 888&#8217;s previous CEO, Itai Pazner, who stepped down amid an internal inquiry into possible money laundering infractions within their UK high-roller accounts.<\/p>\n<p>Further complicating matters, 888 recently divested their Latvian business to Paf for \u20ac28.3 million and experienced a 3% decline in internet-based revenue, despite finalizing the acquisition of William Hill.<\/p>\n<p>With Alexander and Feldman steering FS Gaming, the onus is on 888 to elevate their performance, enhance their valuation, and improve their overall financial standing. <\/p>\n<p>A spokesperson for 888 informed Gambling Insider of their enthusiasm regarding the FS Gaming investment.  They view it as a powerful endorsement of the company&#8217;s future prospects. The representative highlighted the board&#8217;s dedication to a protracted plan centered on amplifying stakeholder worth.  The organization is committed to maintaining transparency and engagement with its stakeholders as they progress in realizing their strategic goals. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A collective of seasoned gaming professionals, FS Gaming, has acquired a minority share (6%) in 888 Holdings, the well-established online gaming firm. Headed by Lee Feldman and Kenny Alexander, former leaders at GVC (currently Entain), the group intends to rejuvenate 888 and maximize its capabilities. FS Gaming boasts a formidable team possessing vast expertise in [&hellip;]<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gaming Giants Shake Things Up: FS Gaming Invests in 888 Holdings<\/title>\n<meta name=\"description\" content=\"Former GVC leaders inject excitement into 888 Holdings with a strategic investment! Can this dream team revitalize the online gaming giant? 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