888 shares slide on pandemic fears and dividend cuts

Business News

888 Holdings has cut its dividend after its pre-tax profits halved to $45.3million. Revenue increased to a record $560.3million in 2019 from $529.9million.

‘The group has performed in line with the board’s expectations during 2020 so far with the trends reported in the group’s trading update on 24 March 2020 continuing through to today’s date,’ the company said.

“With people spending more time at home and with increased levels of stress and economic uncertainty, we are proactively communicating with our customers to provide information on safer gambling and, where necessary, offer support,” said Chief Executive Officer Itai Pazner.

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