888 slips to loss in H1 as UK revenue dips, but no impact expected from gambling watchdog probe

Tuesday, August 15, 2023 8:06 PM
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  • Daniel O'Boyle, Evening Standard

William Hill owner 888 slipped to a loss as UK revenue declined amid stricter regulations to protect vulnerable gamblers, but the business appears to have finally put a chaotic six months in past as it says the latest Gambling Commission probe into its operations will have no impact.

UK revenue was down by 3% to £615.3 million [$781.3 million] on a like-for-like basis for the business, which bought the country’s biggest high-street bookie William Hill last year. It said this was mostly due to a pivot towards lower-spending punters, as new rules were announced in April to ensure betting operators perform financial checks on those who spend more.