Shay Ben-Yitzhak, one of the founders of 888, died in a aircraft crash
The Israeli mainstream press reported the plane crash that has cost one of the four founders of 888 Holdings, the 52 year-old Shay Ben-Yitzhak, when he was piloting a light aircraft with his 14-year-old son when the accident occurred in the center of Israel.
888 co-founder Shay Ben Yitzhak, 52, lost his life last Friday in a tragic plane crash. Ben Yitzhak was piloting a light aircraft when he lost control of the aircraft and crashed into an agricultural area. Her son, who was with him, was taken to the hospital where he is recovering from his injuries.
Shay and his brother Ron, along with Avi and Aharon Shaked, founded 888 in 1997. Originally the company was called Virtual Holdings and even through this name it continued to operate. In fact, Shay was the last of the founders to stop working directly with the company, something that happened in 2010.
In 2010 he left that position to spend more time with his family.
888 Holdings was formed in 1997, as Virtual Holdings, by two pairs of Israeli Brothers. Avi and Aaron Shaked and Shay and Ron Ben-Yitzhak. The twins were responsible for founding the company that has gone on to become one of the largest online gambling operators in the world. None of them are actively involved in the business today, but they were instrumental in its success.
