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Analysis: 888 facing difficult questions after another setback
Any chance that William Hill may enjoy a period of stability following a turbulent few years appeared to go up in smoke with the shock news emanating from their new parent company 888 on Monday.
One of the most famous names in British bookmaking found a new home last summer having previously been bought by US casino giant Caesars Entertainment, their US operation stripped away and the remaining business sold to 888 in a £2 billion deal.
The news that chief executive Itai Pazner was making an abrupt departure from 888 while it separately admitted to failings in its anti-money laundering and know your customer processes in relation to VIP customers in the Middle East would be disruptive enough, but the company was facing plenty of headwinds anyway.
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