888casino

Last updated
888casino
Industry Gambling
Founded1998
Headquarters Gibraltar
Area served
Worldwide
Products Online casino
Parent Evoke plc
Website 888casino.com

888casino, formerly Casino-on-Net, is an online casino brand owned by Evoke plc. It was founded in 1997, and is headquartered in Gibraltar. It is one of the Internet's oldest casinos, [1] and in 2013 it became the first exclusively online casino to be licensed in the United States. [2]

Contents

History

Casino-on-Net was established by brothers Aaron and Avi Shaked along with partners Ron and Shay Ben-Yitzhaq, also two brothers, in 1997. Aaron Shaked claims to have come up with the idea of the online casino while attending a dentistry conference in Monte Carlo. [3] [4] In 1994, the Free Trade & Processing Zone Act was passed in Antigua and Barbuda, opening the way for the development of legal online casinos. [5] Casino-on-Net was re-branded as 888casino in 2010 to unify the look and feel with other 888 brands. [6] By 2015 the site was licensed and operating in Gibraltar, New Jersey, Denmark, Spain and a number of other countries and territories. [7] [8]

In 2015, Gaming Intelligence magazine described 888casino as "the only truly pan-European casino." [9]

In 2017, 888casino signed a deal to include slot games from Berlin-based Merkur Interactive Services GmbH, part of the Gauselmann Group. [10]

888casino has been awarded eCOGRA's Safe and Fair assurance seal. [11]

In 2021, 888casino stopped offering sports betting in New Jersey as it prepares to launch its regulated Sports Illustrated-branded sportsbook in the state. In 2024, the brand has officially left New Jersey market ceasing all operation in the area. [12]

On 9 September 2021, 888casino acquired William Hill International's European business from US owners Caesars Entertainment for a purchase price of £2.2 billion. [13] [14]

Sponsorship

888casino has been involved in sponsorship of sporting events, teams and athletes, including as title sponsor of the 2013 World Seniors Championship in snooker, the New York Jets of the NFL, Dundalk FC, and title sponsor of the 2021 Portuguese Grand Prix. [15]

United States

As a result of an act of the United States Congress in October 2006, [16] online gaming firms were forced to their presence in the US market, resulting in a mass exit from the US market for these sites.

In March 2013, the Nevada Gaming Commission granted 888casino a license as an Interactive Gaming Service Provider, making it the first company providing exclusively online gambling to be licensed by any US jurisdiction. [2]

In January 2011, the New Jersey Legislature passed a bill sponsored by Raymond Lesniak to allow online gambling by New Jersey residents over the age of 21. [17] In August 2013, 888casino signed an agreement with Caesars Entertainment Corporation [18] through the group's All American Poker Network (AAPN) joint venture with Avenue Capital, enabling 888casino to offer own-branded products in New Jersey. [19] 888casino publishes an independently audited monthly Casino Payout Percentage and includes the Payout Percentage of each game, as well as the total average Payout Percentage of 888casino. [20] 888casino's payout rate is 95.1%. [1]

Related Research Articles

<span class="mw-page-title-main">Casino</span> Facility which houses and accommodates certain types of gambling activities

A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports.

<span class="mw-page-title-main">Slot machine</span> Casino gambling machine

A slot machine, fruit machine, poker machine or pokies is a gambling machine that creates a game of chance for its customers.

<span class="mw-page-title-main">Bookmaker</span> Organization or person that takes bets on sporting events

A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays out bets on sporting and other events at agreed-upon odds.

<span class="mw-page-title-main">William Hill (bookmaker)</span> Bookmakers in the United Kingdom

William Hill is a British gambling company founded in 1934. Its product offering includes sports betting, online casino, online poker, and online bingo. Business operations are led from its headquarters in London, with a satellite office in Malta. The company was previously listed on the London Stock Exchange until it was acquired by Caesars Entertainment in April 2021. In July 2022, William Hill was subsequently bought by 888 Holdings for £2.2 billion.

Bwin.Party Digital Entertainment was an online gambling company, formed by the March 2011 merger of PartyGaming plc and Bwin Interactive Entertainment AG. Formerly the world's largest publicly traded online gambling firm, it was best known for its online poker room PartyPoker, World Poker Tour and its sports betting brand Bwin.

<span class="mw-page-title-main">Online gambling</span> Gambling done through the internet

Online gambling is any kind of gambling conducted on the internet. This includes virtual poker, casinos, and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994. Today, the market is worth around $40 billion globally each year, according to various estimates.

partypoker is an online poker card room. Launched in 2001 by PartyGaming, the site has had up to 80,000 players logged-in and was the largest online card room until 2006. In 2011 PartyGaming merged with bwin to form Bwin.Party Digital Entertainment. As of 2017, it remains among the largest online poker card rooms. The site was endorsed by Mike Sexton, the former host of the World Poker Tour television show. The domain partypoker.com attracted at least 3.6 million visitors annually by 2008 according to a Compete.com study. In 2016, after a protracted bidding process between 888 Holdings and GVC Holdings, Bwin.Party Digital Entertainment accepted GVC Holdings' bid for £1.1 billion. Today, the site is run by GVC Holdings and is available in 14 different languages. In addition to partypoker.com, partypoker also offers dedicated networks for French and Italian based players via partypoker.fr and partypoker.it, respectively. GVC Holdings also acquired PartyCasino during the 2011 merger of Party Gaming.

Evoke plc, formerly 888 Holdings Limited, is an international sports betting and gambling company. It owns brands such as 888casino, 888poker, 888sport, Mr Green, and William Hill. Business operations are led from its headquarters in London, alongside satellite offices in Bucharest, Ceuta, Gibraltar, Leeds, Malta, Sofia, and Tel Aviv. It is listed on the London Stock Exchange.

Playtech plc is a gambling software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games online. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

bwin Austrian online betting brand

bwin Interactive Entertainment AG, formerly known as Betandwin, is an Austrian online betting brand acquired by Entain PLC. The group operated under international and regional licences in countries like Gibraltar, the Amerindian reserve of Kahnawake (Canada), and Belize; and Germany, Italy, Mexico, Croatia, Austria, France, and the United Kingdom in Europe. Bwin offered sports betting, poker, casino games, and soft and skill games, with most revenue coming from poker and sports betting. Bwin had over 20 million registered customers in more than 25 core markets. Competence centres were located in Vienna, Stockholm, and Gibraltar.

<span class="mw-page-title-main">Bet365</span> British gambling company

Bet365 is a British gambling company founded in 2000. Its product offering includes sports betting, online casino, online poker, and online bingo. Business operations are conducted from its headquarters in Stoke-on-Trent, alongside a satellite office in Malta. It was founded by Denise Coates, who remains the majority shareholder and joint-chief executive, alongside her brother John Coates.

<span class="mw-page-title-main">Kindred Group</span> Online gambling company

Kindred Group is an online gambling operator which consists of nine brands, among them Unibet, Maria Casino, Vlad Cazino and 32Red. The Group offer products such as online casino, online poker, online bingo, and sports betting. The company is registered in Malta, but also has major hub offices in Gibraltar, London, Stockholm and the US in addition to smaller satellite offices across Europe and Australia. Kindred Group is a publicly listed company on the Stockholm Stock Exchange (Nasdaq). In 2017, the company's revenue was GBP 751.4 million.

<span class="mw-page-title-main">Gambling in New Jersey</span>

Gambling in New Jersey includes casino gambling in Atlantic City, the New Jersey Lottery, horse racing, off-track betting, charity gambling, amusement games, and social gambling. New Jersey's gambling laws are among the least restrictive in the United States. In 2013, the state began to allow in-state online gambling. Five years later in 2018, the state won a lawsuit that dismantled Nevada's monopoly on legal sports betting.

<span class="mw-page-title-main">888poker</span> Online poker cardroom

888poker, formerly Pacific Poker, is an international online poker brand owned by Evoke plc. It was founded in 2002, and is headquartered in Gibraltar.

Betway is a British gambling company founded in 2006. Its product offering includes sports betting, online casino, online poker, and online bingo. Business operations are led from its headquarters in Malta, alongside satellite offices in London, Guernsey, and Cape Town.

<span class="mw-page-title-main">Wink Bingo</span>

Wink Bingo is an online bingo website launched in 2008. It is part of Broadway Gaming Ireland DF Limited and is based and licensed in Ireland.

<span class="mw-page-title-main">888sport</span> Online sports gambling company

888sport is an international sports betting brand owned by Evoke plc. It was founded in 2008, and is headquartered in Gibraltar. The company provides online sports betting, predominantly in European markets.

Entain plc, formerly GVC Holdings, is an international sports betting and gambling company. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It owns brands such as bwin, Coral, Ladbrokes, PartyPoker and Sportingbet.

LeoVegas AB is a Swedish mobile gaming company and provider of online casino and sports betting services such as table games, video slots, progressive jackpots, video poker and live betting to a number of international markets. LeoVegas Gaming Ltd. is a subsidiary of MGM Resorts International.

References

  1. 1 2 "888casino". Gambling.org. Archived from the original on 2017-12-15. Retrieved 2017-12-15.
  2. 1 2 Robin Wauters (March 22, 2013). ""An historic moment": 888 first online gambling company to win US license". The Next Web. Archived from the original on December 15, 2017. Retrieved December 15, 2017.
  3. ↑ Matthew Garrahan (3 September 2005). "Lucky draw puts brothers at top of their game". Financial Times. Archived from the original on 6 May 2020. Retrieved 11 July 2016.
  4. ↑ Paul Gallagher (17 February 2013). "Meet the pioneers who are making millions from online gambling". The Independent . Archived from the original on 27 August 2017. Retrieved 23 August 2017.
  5. ↑ "Free Trade and Processing Zone Act 1994" (PDF). Government of Antigua and Barbuda . Archived from the original (PDF) on 2014-03-22.
  6. ↑ "888 Holdings plc 888 Q4 KPI's and IMS". Bloomberg . Archived from the original on 2015-09-24. Retrieved 2017-03-04.
  7. ↑ "Remote Gambling". gibraltar.gov.gi. Archived from the original on 2014-11-01. Retrieved 2015-07-01.
  8. ↑ "888 announces launch of major brands in Regulated Markets Romania & Denmark". Regulatory News Service. September 3, 2015. Archived from the original on June 26, 2018. Retrieved July 11, 2016.
  9. ↑ "Casino Operator of the Year". Gaming Intelligence. 6 February 2016. Archived from the original on 15 December 2017. Retrieved 15 December 2017.
  10. ↑ "Ab sofort Merkur-Spiele im 888 Casino". Game Oasis (in German). Archived from the original on 2017-12-16. Retrieved 2017-12-15.
  11. ↑ "Safe and Fair Seals: Approved Casinos". eCOGRA . Archived from the original on 2017-12-08. Retrieved 2017-12-15.
  12. ↑ Bisson, James (20 June 2024). "888casino and 888poker Officially Out of New Jersey Market". sportsbookreview.com. Retrieved 26 August 2024.
  13. ↑ "Gambling firm 888 buys William Hill International in £2.2bn deal". The Guardian. 9 September 2021. Archived from the original on 2021-09-09. Retrieved 10 September 2021.
  14. ↑ "888 agrees to buy William Hill European business". BBC. 9 September 2021. Archived from the original on 2021-09-09. Retrieved 10 September 2021.
  15. ↑ "888 announced as Portuguese GP title sponsor". MotoGP. Archived from the original on 2021-03-24. Retrieved 9 July 2021.
  16. ↑ Fiona Walsh (2006-10-09). "Last chance saloon for online gaming firms". The Guardian . London. Archived from the original on 2017-12-16. Retrieved 2017-12-15.
  17. ↑ "N.J. Senate Bill No. 490 (2010)" (PDF). Archived (PDF) from the original on 2016-04-23. Retrieved 2017-12-15.
  18. ↑ "Wynn Partners With 888 Holdings For Online Gambling In Nevada". Seeking Alpha . 26 September 2013. Archived from the original on 16 July 2014. Retrieved 15 December 2017.
  19. ↑ "888 joins with Avenue Capital for online gambling push in the US". The Independent. 11 March 2013. Archived from the original on 2017-12-15. Retrieved 2017-08-23.
  20. ↑ "eCogra Certification". www.ecogra.org. Archived from the original on 2015-06-11. Retrieved 2015-07-01.
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