Crackdown on online gambling will hit sales, warns betting group 888

888 is next month completing its £2.1bn takeover of William Hill’s UK business

A Government crackdown on online gambling will hit sales, a major betting group warned yesterday.

888, which offers gaming and sports betting and is next month completing its £2.1billion takeover of William Hill’s UK business, said revenue in the six months to July will be between £330million and £335million, down from £433million last year.

The warning came ahead of a White Paper on gambling, expected this month, which will update the 2005 Gambling Act to regulate the online market. 

Measures are expected to include affordability checks and maximum stakes.

888 said sales will also take an £8million hit following its temporary exit from the Netherlands while it applies for a licence in the newly regulated market.

And, adding to its woes, the firm is struggling with a sector-wide post-lockdown slump after online gaming boomed through the pandemic. 

888’s shares have fallen 57.5 per cent in the past year.

TOP DIY INVESTING PLATFORMS

Advertisement
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit.
Share This :

Related Post

Deixe um comentário

O seu endereço de e-mail não será publicado. Campos obrigatórios são marcados com *

PROCURAR

Categorias

Conheça nossa categoria de ofertas

Quer receber mais descontos?

Assine nossa Newsletter.

Minha Conta

×