Archive forFebruary, 2010

888 Holdings PLC

888 Holdings PLC is a public company listed in the London Stock Exchange under the ticker symbol 888. It is a holding company founded in 1997 that operates a number of very profitable online gamblign websites.

888 belongs to the FTSE250, and as such is a major British company. Its operating subsidiary, Cassava Enterprises, is incorporated under the laws of Gibraltar, where the operations of the company are conducted, thus benefiting from favorable tax and gambling laws. The major shareholders are brothers Avi and Aaron Shaked who control about fifty percent of the holding company, and brothers Shay and Ron Ben-Yitzhak who own another 11%, leaving the rest as passive minority shareholders.

Pacific Poker is 888’s online poker subsidiary. Started in 2002, Pacific Poker is one of the major online poker brands, offering all major poker variations such as Texas Holdem, pot-limit Omaha and Stud.

888 knows how to offer a warm welcome to its new players. They offer a first deposit bonus, but online other poker rooms where you need to “grind” the bonus in order to convert it into real cash, at Pacific Poker you will instantly get 25% of your welcome bonus as soon as you make your first deposit. You are also entitled to their First Depositors Freerolls when you join.

The online casino website of the group is Casino-on-Net, which was launched in 1997 and has served 13 million people. Casino-on-Net promotes responsible gaming and always attempt to address the problem of compulsive gambling. The measures implemented in this regard are the prohibition of players under the age of 18, the ability for every player to set maximum allowed deposit amount, blocking access to the casino at a player’s request and the training of their employees to guarantee that they recognize compulsive or underage gambling when it occurs.

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