Gambling group 888 hires new chief govt
.co.uk
Breaking News:
Kathmandu Nepal
Sunday, Jul 12, 2026
888 has appointed a boss weeks after its licence was positioned in jeopardy over Kenny Alexander’s seize for energy.
Per Widerstrom, the previous head of Eastern European playing group Fortuna, will take over as chief govt of the betting large in October.
Earlier this month, funding automobile FS Gaming, backed by former Entain boss Alexander has put him ahead as chief govt.
New boss: Per Widerstrom will obtain annual mounted pay of £676,000
FS Gaming – which owns a 6.6 per cent stake in 888 – additionally pushed for Lee Feldman and Stephen Morana to be named because the chairman and chief finance officer. Both held senior roles at GVC earlier than it was rebranded Entain in 2020.
But 888 rejected the adjustments over fears that the playing watchdog may revoke its licence or wonderful it.
Regulators had expressed issues over the adjustments due to the continued four-year HMRC investigation over potential breaches of the Bribery Act from Entain’s former subsidiary in Turkey.
Roberta Ciaccia, an analyst at Investec, stated Widerstrom was an excellent decide for the 888 boss.
The 57-year-old will obtain annual mounted pay of £676,000 and might be eligible to obtain bonuses and efficiency share plan awards.
888 govt chairman Lord Mendelsohn stated Widerstrom ‘was the clear standout candidate to lead the group’.
Spread the love & Comment on Social Media !