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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.



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Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

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NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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