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New CEO Hired by 888

New CEO Hired by 888

888 watched as internal investigations over failure to keep on top of anti-money laundering cost the company its chief executive. Now, Per Widerstom has been brought in to right the ship.

An internal shakeup has left international giant 888 with a new CEO. The company hired Widerstrom as its new chief executive, beginning October 16.

Widerstrom arrives with more than 17 years of experience in the digital gaming industry, most recently as chief executive at Central and Eastern European betting business Fortuna Entertainment Group.

888’s former chief executive, Itai Pazner, left in January after four years in which he was subject to internal investigations into failures over anti-money laundering processes for its VIP customers in the Middle East.

Yariv Datna, head of finance, also expects to leave 888 by year’s end. The U.K. Gambling Commission (UKGC) nixed an idea to hire three top men—Lee Feldman, Kenny Alexander and Stephen Morana as chairman, chief executive and chief financial officer, respectively. All were former Entain board members.