888 shares rise as Gambling Commission finishes licence review

Finance News

888, one of the world’s leading betting and gaming companies with internationally renowned brands including William Hill, 888 and Mr Green, has announced that the GB Gambling Commission has informed 888 that it has concluded its review of the Group’s operating licences under Section 116 of the Gambling Act 2005 that was announced by 888 on 14 July 2023 (the “Licence Review”).

The GBGC has concluded the Licence Review without imposing any licence conditions, financial penalties or other remedies on the Group after being satisfied that the risk to the licensing objectives under the Gambling Act that led to the review have been appropriately managed and adequately mitigated.

At the time it launched its review, the Gambling Commission said it was in response to FS Holdings acquiring a stake of 888, s well as the planned appointment of ex-GVC executives Kenny Alexander, Lee Feldman and Stephen Morana.

Those appointments were not made in light of the review, however.