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Regulatory crackdown in UK hits 888 as focus moves to US
888 were hit by a record penalty from the Gambling Commission last yearCredit: Mark Cranham (racingpost.com/photos)
Stricter regulation hit online betting and gaming company 888's revenues in the United Kingdom in the first half of the year, sending the firm's share price plummeting last week.
Group revenue increased by one per cent to $273.2 million (approx £209m) while adjusted underlying earnings rose by ten per cent to $52.4m. However, revenue in the UK fell by 18 per cent to $86.5m.
Last year 888 were hit with a record penalty of £7.8m by the Gambling Commission for "serious failings" in the safeguarding of their customers.
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more inFeatures
- Captain Marvel: how a modern master of Cheltenham and a genuine pioneer executed one of the shocks of the year
- 'We’re delighted with how it's going' - joint-trainers prepare for exciting year after Flat string is doubled
- 'We’ve had to work hard this sales season' - Kennet Valley seeking to build on success with biggest string
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