888 Holdings plc (lse: 888) is a company which operates several high-profile gambling websites. It was founded in 1997 and is a constituent of the FTSE 250 Index.
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In fact, for Omaha Poker, you would find more simplicity. ... The Poker Blog. Copyright © 2007 The Poker Nut | Site designed by Brian Gardner ...www.thepokernut.net/888 Holdings plc (lse: 888) is a company which operates several high-profile gambling websites. It was founded in 1997 and is a constituent of the FTSE 250 Index.
It has an operating subsidiary, Cassava Enterprises, which is incorporated and operates under the laws of Gibraltar.
Brothers Avi and Aaron Shaked owned approximately fifty percent of the parent-company through family trusts. Another pair of brothers, Shay and Ron Ben-Yitzhak, control approximately eleven percent through a family trust.
History
The business was founded by Avi and Aaron Shaked and Shay and Ron Ben-Yitzhak in May 1997 as Virtual Holdings Limited.888 Holdings History Casino-on-Net was launched at that time and an administrative centre was established in Antigua. In 2002 Reef Club Casino and Pacific Poker were launched. In 2003 its administrative center was moved to Gibraltar. It was first listed on the London Stock Exchange in 2005.
In late 2006 Ladbrokes and 888.com announced merger discussions. However in April 2007 the companies announced that due to recent changes of Tax laws in the UK and fears of legal actions by the US government, both parties had amicably agreed not to continue discussions.
In March 2007 888 announced its acquisition of Bingo business of Globalcom Limited for up to $43.4 million in cash.
Operations
888.com
888.com is Cassava's flagship website. It serves primarily as an 'easy to remember' location and brand and encapsulates Casino-on-Net and Pacific Poker websites. Although it houses no games of its own, 888 is often billed as 'the largest casino website on the Internet'.
Casino-on-Net
Casino-on-Net is Cassava's online casino branch. It was originally launched in May 1997 and has served 13 million people. The site offers a number of traditional casino games for play, including slot machines, blackjack, baccarat, roulette, craps, pai gow poker, caribbean stud poker, keno, and video poker. Casino-on-Net also offers free 'practice money' versions of its games.
Reef Club Casino
Reef Club Casino is a casino offering by Cassava which features an 'underwater' theme. It was launched in May 2002 as a more fantasy-style alternative to the real-world style of Casino-on-net. It offers a selection of games similar to that of Casino-on-Net, and also allows players to play for 'practice money' if they prefer not to use real money.
Pacific Poker
Pacific Poker is Cassava's online poker room branch. It was launched in July 2002 and focuses exclusively on variants of poker and other card games. Traditional poker variants are offered, including Texas Hold'em, Omaha, and Seven-card stud. Like Casino-on-Net, Pacific Poker offers free play versions of its games for players who prefer not to risk real money. Pacific Poker is Microsoft Windows and Apple Macintosh compatible. Players can choose to play on the site's software program or on the non-downloadable game version available online.
