An agreement between FS Gaming Investments and Shay Segev which saw the DAZN Group CEO transfer voting rights to his shares in 888 Holdings to the firm has been cancelled.

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Subsequently, FS’ control of its shares in 888 now stands at 4.5% – the firm’s total shareholding in 888 amounts to 6.5%, with the stake having only been acquired in June 2023, but the group does not retain voting rights over the remaining 2.5%.

FS is the investment vehicle of Kenneth Alexander and Lee Feldman, the respective former CEO and Chairman of GVC Holdings prior to its rebranding as Entain Plc in 2020. The Leadership tenure of Alexander and Feldman saw GVC Holdings execute the transformative deal of acquiring Ladbrokes Coral, to establish a new FTSE100 gambling firm.