888 Holdings drop out of FTSE index in reshuffle

Finance News

888 Holdings PLC has been removed from London’s mid-cap 250 and 350 index as part of the London Stock Exchange’s index rebalancing 

888 in late-January said its chief executive has left the company immediately, with the online gaming operator also reporting it has suspended some activities in the Middle East amid a customer compliance probe.

The departure of CEO Itai Pazner comes just over two weeks after the company announced Yariv Dafna would step down as chief financial officer. Dafna is to leave 888 at the end of March.

The suspension of VIP activities in the Middle East region came ahead of an “outcome of an internal compliance investigation”. Following an initial review, 888 said some of its units in the Middle East region have fallen short in know your client and anti-money laundering compliance measures. 888 said it currently believes the issues are “isolated to this region only”.