Yariv Lavi, the Director of Business Development at 888, has announced his departure from the betting firm after dedicating over 13 years to the company. Lavi expressed his gratitude for the incredible journey and the opportunity to work alongside talented colleagues and managers. He looks forward to the future and building on the foundation he established during his tenure at 888. This article explores Yariv Lavi’s departure and recent developments at 888.
Yariv Lavi’s Journey at 888
Yariv Lavi reflects on his remarkable journey at 888, highlighting the invaluable experience gained from working with skilled individuals and collaborating with exceptional partners in the gaming industry. He expresses his pride in the collective achievements during his time at the company.
Yariv Lavi’s Gratitude
Yariv Lavi expresses his appreciation for the opportunity to work for one of the world’s leading gaming operators and the chance to contribute to its success. He acknowledges the support and learning experiences provided by his colleagues and managers.
Recent Developments at 888
The news of Yariv Lavi’s departure follows recent developments at 888, including the decision to sell its Latvian operations to Finnish operator Paf Consulting Abp (Paf) for €28.3 million ($30.5 million). Additionally, 888 announced a 6% increase in new investment from a consortium.
Licensing Review Impact
The investment from the consortium, however, was temporarily put on hold due to a licensing review triggered by the involvement of former GVC executives Kenny Alexander and Lee Feldman. This review underscores the significance of regulatory compliance and transparency in the gaming industry.
888’s Strategic Asset Review
Lord Mendelsohn, Executive Chair of 888, emphasizes the company’s commitment to reviewing its asset base to align with its long-term strategy and maximize shareholder value. The sale of Latvian operations reflects 888’s focus on core markets and growth opportunities.
Yariv Lavi’s departure from 888 marks the end of a significant chapter in his career, filled with valuable experiences and accomplishments. As he looks ahead to the future, his contributions to the gaming industry will undoubtedly leave a lasting impact. Meanwhile, 888 continues to evolve its strategy, focusing on core markets and strategic asset reviews to ensure its continued success in the dynamic gaming landscape. The recent licensing review serves as a reminder of the industry’s commitment to regulatory compliance and responsible operations.