888 Holdings Chief Executive Officer Gigi Levy Steps Down

Written by:
Guest
Published on:
Apr/10/2011

(Bloomberg News) - 888 Holdings (888.com) the U.K.-listed Internet gambling company that may be bought by Ladbrokes, said Chief Executive Officer Gigi Levy is stepping down “to pursue other interests.”

Levy, who joained 888 Holdings  in 2006 and took over as CEO the following year, will remain on the board, the Gibraltar- based company said in an e-mailed statement today.

“Following very strong trading in the first quarter of 2011, which has continued into the second quarter, Gigi has decided to step down, leaving the company well positioned for the future,” the company said in the statement.

888 Holdings, which supplies services to Caesars Entertainment Corp., has been in talks with Ladbrokes since December on a possible takeover. A previous round of talks between the companies ended in 2007.

Brian Mattingley, deputy chairman and non-executive director at 888, will “work closely with management on all aspects of the business” pending the appointment of a new CEO, according to the statement.

Rachel Graham Reporting

 

As always, you can Follow us on Twitter for all the latest breaking gambling news. (Get all the latest breaking business stories)

Business/Financial News

What Are the Main Features of a Pay Per Head Sports Book

What Are the Main Features of a Pay Per Head Sports Book

The main features of a Pay Per Head sportsbook are contract support services that save bookmakers and agents tons of money. 

Start My Own Online Sportsbook From Canada

Start My Own Online Sportsbook From Canada

The Raptors were on the verge of making it into the NBA Finals for the first time in their history.

Trial Sports Book Sofware

Trial Sports Book Sofware

Our friends at Wagerhome are offering up to a 4 week free trial period to test what they claim to be the most advanced sports book software.

60 Minutes Looks at Bitcoin

60 Minutes Looks at Bitcoin ...And the Guy Who Spent $800 Million of it on Pizza

This Sunday May 19 at 7 pm EST on CBS (though most certainly delayed a bit with the conclusion of the PGA Championship), the long running CBS news magazine takes a look at the cryptocurrency bitcoin.

Bitcoin Eclipses $8K Mark

Bitcoin Eclipses $8K Mark

Just a day after Bitcoin shot over the $7000 mark, the cryptocurrency has now peaked at over $8000, hitting $8169 before dropping back to around $7900 Monday night.

Syndicate