888 Holdings looks overseas

888 Holdings looks overseas

Stricter regulation has made some UK-based gambling groups a riskier bet, and it's safe to say 888 Holdings (888) isn't immune. Chief executive Itai Frieberger called the UK a "challenging market" as scrutiny from regulators intensifies, and as UK sales fell 18 per cent to $86.5m (£65.9m) during the first half. As a result, 888 is now investing more in what it calls "higher growth" markets. Strip out the UK, and group revenue increased by nearly a third over the period, while group sales post period-end are down 4 per cent, albeit up 6 per cent excluding the UK.

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