![]() He does not believe that the operator is currently for sale An interesting propositionįT talked to an unnamed source who is a top-ten shareholder in 888 who said that he would have listened to what DraftKings had to say, noting that “888 can help backfill DraftKings with technology and knowhow, and in the long-run DraftKings wants to take over the world.” The move ultimately did not come to fruition after DraftKings learned that the UK Gambling Commission (UKGC) was investigating the consortium’s investment in 888 over certain historic issues involving GVC in Brazil and Turkey. Some of the FS Gaming members include former GVC Holdings (now known as Entain) chairman Lee Feldman and ex-GVC CEO Kenneth Alexander. The Financial Times (FT) revealed on Thursday that US giant DraftKings was considering a possible takeover of 888 during the summer.Īn investor group that controls about 6.6% of 888 Holdings sharesĮarly stage talks on an all-stock offer were reportedly held in June and July between DraftKings CEO Jason Robins and FS Gaming Investments, an investor group that controls about 6.6% of 888 Holdings shares and was pushing for internal changes. The online gambling sector is always chopping and changing, with news of mergers and acquisitions constantly hitting the headlines.
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