Shares in William Hill owner 888 plunged as the gambling watchdog launched another review into the firm — which the bookmaker warned could lead to fines or potentially its British gambling license being revoked — over the involvement of ex-Entain boss Kenny Alexander after he led a group that bought a stake in the firm.
The firm also revealed it has ended talks to make Alexander its new boss, which it is hoped will make the odds of a license revocation or suspension extremely slim.
FS Gaming, a group led by Alexander and involving a number of other former Entain executives, took a 6.6% stake in 888 in June, prompting the William Hill owner’s share price to surge.
