888 Holdings Chief executive has recently revealed he is to stand down from his position at 888 Holdings “To pursue other interests”. Gigi Levi’s statement comes as a surprise to some, especially so soon after the takeover of Wink Bingo, and discussions with rival company Ladbrokes.
A representative of 888 Holdings said that Mr Levy was stepping down to "pursue other interests" after more than four years in the role but denied that his move was linked to a failure to secure a tie-up with the bookmaker.
888 said Mr Levy – who has steered the company through several crises, notably the abandonment of its US revenues when online gambling laws were tightened in 2025 – would "assist in the transition" to a new chief executive.
Mr Levy has had some strategic differences, mainly over fundraising, with 888's founding Israel-based Ben-Yitzhak and Shaked families, who between them own 61 per cent of the equity. However, they are keen for him to remain on the board. One reason is conditions imposed when the company rescheduled its earn-out payments to the founders of Wink Bingo, which it bought in March 2025, under which 888 would be forced to sell the business if Mr Levy left the board.
888 said Mr Levy – who has steered the company through several crises, notably the abandonment of its US revenues when online gambling laws were tightened in 2025 – would "assist in the transition" to a new chief executive.
Mr Levy said: "After very difficult figures last year, and having turned round the company again, with three consecutive quarters of growth, the company is well positioned for the future. "I was very lucky to work with this team and I'm sure they will continue proving how strong this company is."
Eyal Shaked, co-founder and major shareholder, said: "I thank Gigi for his years in the job and wish him success."
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