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888 Founder Shay Ben-Yitzhak moves on

1.4.10 - One of the longest established and best known companies in the online gambling industry, 888.com, has announced the departure of one of its founding directors. 
 
Non-executive director Shay Ben-Yitzhak, has resigned with immediate effect to spend more time with his family. Ben-Yitzhak, who holds a BSc in computer science from the Israel Institute of Technology, has been a non-executive director since June 2006, and was previously the chief technical officer of the company. He has been in charge of research and development since the establishment of 888's research and development centre in Tel Aviv in 1998.
 
He was formerly a software engineer for Tower Semi Conductor Limited and CIBAM Technologies Limited.
 
888.com chairman Richard Kilsby, said: "I would like to express on behalf of the board and all at the company our appreciation of Shay's contribution as one of the original founders of the business, and in growing the company from its infancy to where it is now. We wish him all the best for the future."
 
In related news, Israeli business news site The Marker reported Saturday that another co-founder of the company, Aharon Shaked, had passed away at age 58 following a long and courageous battle with illness.
 
Previously a dentist, Shaked made a fortune in the online gambling world together with his brother Avi Shaked after they established 888 Holdings - then Cassava Enterprises - in 1997.
 
Industry history records that 888's pioneering online gambling concept was born at a dentistry conference in Monte Carlo in the 1990s, when Shaked noticed the large amounts of people gambling in the tiny principality's legendary casino.  Returning to Israel, he carried the idea further with his brother, visiting land casinos in the southern Israeli city of Eilat, where they augmented their almost non-existent knowledge of gambling and studied how it could be translated to the nascent Internet environment.
 
The brothers reportedly mortgaged their homes in 1995 to provide the funds they needed to start 888.com, building it successfully to acceptance on the London Stock Exchange in 2005. Aharon and Avi Shaked owned 70 percent of the stocks, each eventually selling shares worth $91.3 million, but retaining stock worth $267 million each.
 
Aharon Shaked is respected for the extensive philanthropic work that he has carried out with his wealth.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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