888 awarded iGaming licence in Ontario, Canada

RNS Number : 4549D

888 Holdings plc

03 March 2022

 

3 March 2022

888 Holdings Plc

("888" or "the Group")

888 awarded iGaming licence in Ontario, Canada

888 (LSE:888), one of the world's leading online betting and gaming companies, is pleased to announce it is among the first operators to have been awarded an iGaming licence by the Alcohol and Gaming Commission of Ontario ("AGCO").

The newly regulated market is set to launch on 4^th April, with 888 ready to offer its leading, innovative and content-rich casino, sport and poker products to players located across the province, all powered by its proprietary technology.

The approval of the licence in Ontario is an important step in 888's growth strategy, which focuses on expansion in attractive regulated markets, with Ontario representing an exciting long-term growth opportunity. 888 has strong brand awareness in Ontario and is looking forward to being able to leverage its full marketing expertise and focus on product leadership to provide exciting and locally relevant experiences for players.

Around the globe, 888 now holds licences in 19 locally regulated markets, including seven states in the US, with revenue from locally regulated and taxed markets representing 74% of 2021 revenue.

Itai Pazner, CEO of 888 Holdings Plc, commented:

"We are delighted to have been awarded a licence by the AGCO and look forward to launching in the market when it officially opens . As a Group, our focus is on strengthening our presence and offer to customers across key regulated markets. To that end, Ontario represents an attractive long-term growth opportunity for 888 and this is an extremely strategically important milestone for us.

As we prepare for launch in the coming weeks, we are excited to bring all of 888's leading products and games to new audiences across the province, providing our unique and differentiated experiences to players."

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Enquiries and further information:

888 Holdings Plc	[phone]
Itai Pazner, Chief Executive Officer Yariv Dafna, Chief Financial Officer Vaughan Lewis, Chief Strategy Officer
Investor Relations James Finney, Director of IR Media	[e-mail] [e-mail]
Hudson Sandler Alex Brennan Bertie Berger Andy Richards	[phone]

About 888 Holdings Plc:

888 Holdings plc (and together with its subsidiaries, "888" or the "Group") is one of the world's leading online betting and gaming companies. 888's mission is to develop state-of-the-art technology and products that provide fun, fair and safe digital gambling products to players globally. Safer gambling is a core focus for the Group and, a t the beginning of 2020, 888 launched its 'Safer. Better. Together' safer gambling strategy and commitments.

888 has been at the forefront of the online gaming industry since its foundation in 1997, leveraging its proprietary technology to provide players and B2B partners an innovative and world-class online gaming experience.

In 2021, the company was proud to be recognised at the EGR operator of the year awards as the winner of the Casino Operator of the Year, as well as its in-house sportsbook being recognised as the In-House Product of the Year. In 2020, the company was proud to be recognised at the Gaming Intelligence awards as the winner in the Casino Operator of the Year category. Also in 2020, it won two prestigious awards for its poker platform at the 2020 Poker Listings Operator Awards in the Most Improved Software and Best Beginner Software categories.

The Group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners a leading platform through which to establish an online gaming presence and monetise their own brands in a safe and responsible manner.

888's consumer facing websites offer more than just online betting and gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. 888's strong and trusted brands are all accessible through  www.888.com .

Find out more about 888 at  http://corporate.888.com/ .

 

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