888 Holdings is one of the most popular online gaming operators in the world. It was co-established in 1997 by Israeli businessman Shay Ben-Yitzhak. On May 2, 2020 he died in a plane crash, various Israeli media announced.
52-year old Ben-Yitzhak travelled with his 11-year old son, who survived the crash and had only minor injuries. Expectations were much worse for the son of Ben-Yitzhak. According to various local media, there were no other passengers. Ben Yitzhak was expected to be the pilot of the aircraft. So far, this has not been officially confirmed.
Entangled in the wreckage
Both Shay Ben-Yitzhak and his son were entangled in the wreckage of the plane. The Israeli newspaper The Jerusalem Post reported on its website that several emergency services left after the crash of a small plane near Yakum Kibbutz, which is located in central Israel.
Shay Ben-Yitzhak had become unconscious and was pronounced dead shortly after several emergency medical services arrived. His son was conscious and a military helicopter took him to the hospital. After extensive examination, his health was declared stable.
Cause of the crash still unknown
At the moment there is no clarity about what caused the accident. Several investigation teams are working on finding out what caused the crash.
Pioneer in the online casino industry
Shay Ben-Yitzhak was one of the four founders of 888 Holdings. He’s known as one of the pioneers in the online casino world, since he founded his company Casino-on-Net in the nineties. Together with his brother and the Shakeds brothers he worked in Gibraltar, a mecca for online gaming.
Actively involved in 888 Holdings
Shay Ben-Yitzhak was actively involved in 888 Holdings as CTO of the company. For many years, he led the team from Tel Aviv in Israel. Ben-Yitzhak retired from the company in 2006. After his decision to leave, the businessman was an active member of on the board of 888 Holdings. In 2010, as the last founder of 888 Holdings, he closed the door behind him to spend more time with his family.
Incredible origin story
The origin story of 888 Holdings is incredible. Aaron Shaked first worked as a dentist. He was one of the great masterminds behind the online gambling site. Shaked visited a dentist conference in Monte Carlo, Monaco which was held in a casino. He started thinking about his own online gambling site and went through with it.
The Ben-Yitzhak brothers in politics
The founders of 888 Holdings were quite introvert known and were reluctant to go public. However, the Ben-Yitzhak brothers loved attention and got into politics. Politically. They were actively engaged in peace negotiations between the Israeli and Palestinian peoples, among other things.
2020: worth more than 1 billion dollars
Aaron Shaked presented this idea to Avi Shaked who then enlisted the help of Shay and Ron Ben-Yitzhak. The rest is history: less than ten years later, an IPO on the London Stock Exchange brought the total value of 888 to 1 billion dollars!
One of the largest online gambling companies in the world
In 2020 888 Holdings is one of the largest online gambling companies in the world. In the last two decades it has sponsored Middlesbrough, Birmingham City, Seville FC and other football clubs. Aaron Shaked did not witness the growth: he died in 2010. Thanks to their incredible legacy, 888 Holdings, Ben-Yitzhak and Shaked will live on forever.