888 Holdings and its stock in 2017

  • 888 Holdings, originally called Virtual Holdings, was founded in 1997
  • It’s been listed on the London Stock Exchange since 2005
  • So far in 2017 its share price has risen from 250p to 264p as revenues have risen
  • Business to consumer venue is up 6% to $242.6 million, with the casino business unit driving over 60% of it

A snapshot of the varying 888 stock from 2007 to 2017 

888 Holdings plc is one of the world’s most popular providers of online gaming entertainment with a 20 year history of success driven both by innovative, strategic thinking and the successful acquisitions of companies along the way.

The company was founded back in 1997 by two sets of brothers from Israel – Avi and Aaron Shaked and Shay and Ron Ben-Yizhak. It was originally called Virtual Holdings Ltd and its first administrative centre was in Antigua in the West Indies. However this moved to Gibraltar in 2003, where it remains today.

The company was first listed on the London Stock Exchange in 2005 and a year later the 888 brand started to be introduced across its range of different products.

Over the two decades that 888 Holdings have been in operation it has seen many peaks in its share price with one particularly notable year being 2007 when its profits rose from $157 million to $213 million. Over 60% of which was generated by their online casino site, the success of the online casino is partly due to the huge range of entertaining games that can be found at the renowned 888casino. Five years later, in 2012, when it was announced that Facebook was going to use 888 games on its site, the share price also saw a distinct rise as a result.

  The Casino Business unit is responsible for over 60% of the total revenues.

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