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888 Holdings Completes Acquisition of William Hill International



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888 Holdings has completed its acquisition of William Hill’s non-US business from Caesars Entertainment.

Following completion, 888 has confirmed its new executive leadership team, with William Hill’s former CEO Ulrik Bengtsson and chief financial operator Eric Hageman leaving the group.

The enlarged 888 group will continue to be led by CEO Itai Pazner, supported by CFO Yariv Dafna, chief strategy officer Vaughan Lewis, chief operating officer Guy Cohen and newly appointed chief risk officer Harinder Gill, who will take up his role on August 3.

The company said that any future organisational changes will be managed with the primary objective of maintaining momentum within each business, with the group looking to achieve anticipated pre-tax cost synergies of at least £100m by 2025.

With its interim first half results for 2022 set to be released in August, 888 will initially report results in four segments: 888 (including the US), William Hill Online UK, William Hill Retail (UK) and William Hill International.

Itai Pazner, CEO of 888, said: “I am delighted to announce the completion of our transformational combination with William Hill. We have built an outstanding leadership team, combining strengths from across both businesses, and as I look at the future, the combination of our product and content leadership, powered by our proprietary technology, and our world class brands, gives us a powerful platform for growth.

“I’d like to thank Ulrik and Eric for the great job they have done at William Hill and I wish them well for the future.”

Lord Mendelsohn, Chair of 888, said: “This combination brings together two high quality businesses to create a powerful, global betting and gaming business. We believe the acquisition will create significant value for shareholders, creating a combined business with leading technology, products and brands across sports betting and gaming. With a top quality management team, formed from talent from across both businesses, I am confident about our future plans.”

Industry News

Data breaches costing UK £4bn per year



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Credas Technologies, the leading identity verification checks provider, has revealed that identity theft is the driving factor behind more than 28 million data breaches across the UK since 2013, breaches that cost the nation close to £4 billion each and every year.

On a global level, it is estimated that there have been close to 10 billion digital data records stolen or breached since 2013. The UK ranks fifth when it comes to national total data breaches, with over 140 million files stolen or breached in this timeframe, trailing just the USA, India, China, and South Korea.

Across the UK, this equates to an average of 28 million data breaches per year, which is estimated to cost the UK £3.7 billion on an annual basis.

One of the most common motivations for data hacking is identity fraud and the latest data from the National Fraud Database (NFD) shows this fraudulent practice accounts for 63% of all cases of fraudulent conduct. What’s more, cases of identity fraud across the UK have increased by 22% in the past year alone.

With id fraud rising so dramatically, how do companies and individuals avoid falling victim to data hacking criminals? The most important thing is to know exactly what the warning signs are and what you need to be looking out for.

Warning signs of identity theft

  • Missing Documents

Sensitive documents which hold personal information – such as a passport or driving licence – are incredibly valuable to identity thieves. If you discover that any such documents are missing, there is a chance that someone is using your personal information to make purchases or take out credit cards or loans in your name.

  • Missing Mail

In a similar vein, if you notice that bank or credit card statements are not arriving through the post, it might indicate that someone is intercepting your mail and stealing the sensitive information held inside.

  • Unrecognised items on bank statement

Very few people make a point of studying their bank statements each month, but with identity fraud on the rise, it’s more important than ever to do so. Each month, go through your statement and if you spot any transactions that you don’t recognise, contact your bank or credit card provider immediately. They will then help you figure out what’s going on and put a halt to any illegal activity that might be taking place.

  • Duplicated claims

If, for example, you apply for state benefits and are refused on the grounds that you already claim such benefits, it’s important that you look into the situation rather than ignore it because there’s a chance that someone else has applied and is receiving benefits in your name.

  • Solicitor letters

If you receive letters from solicitors, debt collectors, or bailiffs, etc, chasing money that you are sure you don’t owe, it can indicate that someone else is running up debt in your name. The same applies if you receive a court summons that you aren’t expecting.

  • Unexpected deliveries

If you receive deliveries that you have not ordered, it might suggest that someone else is making purchases with your money, especially if the delivered items are expensive, such as a laptop, television, or smartphone. Someone may have ordered the item using your name and bank details and simply forgotten to change the delivery address or intercept the package.

  • Tampered bins

Finally, if you notice that your rubbish or recycling bins have been tampered with, it might be that someone has rummaged through them in search of discarded documents that contain sensitive information. To avoid any such risk, it’s important to shred or destroy sensitive documents before throwing them away.

Tim Barnett, CEO of Credas Technologies says

“All of the most important financial elements of our lives are now handled online. We have passwords and logins for everything from our current accounts to our pension pots and we also apply for new bank accounts, mortgages, rental properties and more online.

While this brings great convenience, it also leaves you vulnerable to criminals and today, the lengths these criminals will go to are advancing at a faster rate than some businesses and organisations are improving their digital security.

Companies big and small need to make sure they’re doing all they can in the fight against online criminality and while that starts with ensuring they have a robust and unbreachable tech infrastructure, it also involves verifying the identity of consumers before they have the opportunity to infiltrate our society.

This is really the absolute minimum that should be done and with many companies choosing to do this manually, it allows far too many to slip through the cracks, enabling them to conduct criminal activities at ground level.”

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Industry News

Evolution Completes Acquisition of Nolimit City



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Evolution has completed its acquisition of slot developer Nolimit City in a deal worth up to €340m.

In June, Evolution announced that it had reached an agreement to purchase Nolimit for an initial €200m, with a further €140m dependent on future performance in 2023, 2024 and 2025. All regulatory approvals that the Transaction was conditional upon have been received, and Evolution has completed the Transaction and acquired Nolimit City.

Evolution develops, produces, markets and licenses fully-integrated B2B Online Casino solutions to gaming operators. Since its inception in 2006, Evolution has developed into a leading B2B provider with 600+ operators among its customers. The group currently employs 15,000+ people in studios across Europe and in North America. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO.

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Industry News

Zitro’s Altius Glare is Now Live at Gran Casino Extremadura



Zitro’s Altius Glare is Now Live at Gran Casino Extremadura
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Zitro continues to expand its Glare cabinets family in Spain by having now deployed the Altius Glare at Gran Casino Extremadura, owned by Orenes Group, in Badajoz.

The visual quality of Altius Glare, never seen before in the industry, and its design, which includes a huge 55” screen combined with a 27” Full HD screen that provides a giant real estate for 4K graphics and an intelligent LED halo, make this new cabinet shine with its own light in the gaming hall of the Extremadura casino.

“We did not hesitate to include Zitro’s cabinets, which are having incredible results not only in Spain but worldwide. As a reference in the entertainment industry, our commitment is to offer our customers high quality products with the most advanced technologies,” Gregorio Hernández, Director of the Casino Division of Orenes Group, said.

“We are grateful to Orenes Gran Casino de Extremadura for expanding the portfolio of Zitro products they already offer in their gaming hall. Altius Glare together with its multi-game Wheel of Legends offers a unique immersive gaming experience, which we are convinced will appeal to all customers of Gran Casino Extremadura,” said Jaime Aníbal-Álvarez, Zitro’s Director of Casinos – Spain.

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