888 Board Member Randy Freer Steps Down from His Recent Appointment
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Hey there! Let's chat about Randy Freer, the one-time member on 888 Holdings' Board of Directors, who recently called it quits.
Biding Adieu to 888 Holdings
In a quick announcement to investors, 888 Holdings — the Gibraltar-based gambling powerhouse — shared the news of Freer's departure from his position as an Independent Non-Executive Director (NED). The gambling group, listed on the FTSE250, expressed gratitude for Freer's contributions during his brief stint with them and wished him the best for his future endeavors.
Freer joined 888's esteemed Board in July, along with two other NEDs, Andrea Gisle Joosen and Andria Vidler, as part of the Board's expansion to nine members following the acquisition of William Hill and a shake-up of the gaming firm's team [1]. However, due to his other obligations, he's decided to take a step back.
A Man of Many Hats
Freer's other commitments include serving as the chairman of Sinclair Broadcast Group [2], which operates 19 regional sports networks under the Bally Sports brand. He's also the CEO of his own firm, The Freer Company, where he offers visionary advice on business and brand narratives to companies across various industries.
Before setting up shop at The Freer Company, Freer was at the helm of Hulu, the US subscription streaming service. He hopped over from 21st Century Fox, where he managed their global entertainment and sports television assets [1].
"With the diverse skills and experiences of our newly bolstered board, we're more excited than ever about the opportunities ahead as we push forward with 888's growth strategy and add value for our stakeholders," concluded Jon Mendelson, 888 Holdings' chairman [1].
Just earlier in August, 888 shared its financial results for the first half of the year, revealing a significant drop in revenues year-over-year, mainly due to stricter gambling policies in the UK and the shutdown in the Netherlands [3].
- https://variety.com/2019/digital/news/randy-freer-hulu-ceo-exits-disney-integration-1203302677/
- https://www.sinclairbroadcastgroup.com/news/default.aspx
- https://www.calvinayre.com/2022/08/12/business/888-holdings-q2-results-revenues-plunge-26-due-to-closure-of-casino-operations-in-netherlands/
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- In an attempt to strengthen its finance and business strategies, 888 Holdings' directors, including Randy Freer, had bolstered the board following the acquisition of William Hill.
- Despite his diverse commitments, such as serving as the chairman of Sinclair Broadcast Group and CEO of The Freer Company, Freer also joined 888 Holdings' Board of Directors, contributing to the gambling group's business until his recent departure.
- As technology continues to revolutionize the gambling industry, 888 Holdings looks forward to building on the combined expertise of its board members, including Randy Freer, in the pursuit of its growth strategy.
- With the departure of Randy Freer from 888 Holdings, the gambling powerhouse will need to identify new means to compensate for the financial losses due to stricter gambling policies, such as the ones implemented in the UK and Netherlands.
