The online gambling industry added a completely different dimension to the internet and it has grown into a $10 billion a year business since its inception. One of the biggest and most popular online casinos is 888.com, part of 888 Holdings plc on the London Stock Exchange (LSE). The company was founded in 1997. Additionally, the Casino-on-Net and Pacific Poker websites are part of 888 Holdings plc.
In May of 1997 the Shaked and Yitzhak brothers established 888 Holdings plc as Virtual Holdings Limited. At that time in the company’s history, Casino-on-Net was their first site launch on the internet. Five years later they followed with the launch of Reef Club Casino and Pacific Poker. By 2005, they were listed on the London Stock Exchange. The following year, 888 Holdings plc began looking at a possible merger with Ladbrokes, one of the largest gambling companies on and offline in the UK.
Unfortunately, due to the fear of legal intervention by the US and recent UK tax law changes, both parties decided to cease negotiations as of April of 2007. Today, 888.com is one of the leaders in the global internet gambling industry as well as being the largest gambling site on the internet. Originally launched in 1997, over 25 million people have enjoyed the excitement and wagering at 888.com.
Additionally, in 2007 and 2008, the site was voted as the “Best Betting and Gaming Company” by Leisure Report. They were also voted as “Operator of the Year” in 2008.
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