888 sidesteps regulatory hurdles but pressures remain

Tightened regulation – including the proposed cut to the maximum stake at fixed-odds betting terminals in the UK – caused difficulties for 888 Holdings (888) in 2017. And yet, at constant currencies, the gambling group managed to report a 4 per cent increase in revenues and 19 per cent increase in adjusted cash profits. Shareholders will also benefit from another one-off dividend of 5.6ȼ, while management is confident that the substantial 2017 cash flow has given the group enough firepower to make acquisitions this year.