888 expects no further impact from record gambling fine, forecasts profit rise

Sunday, April 16, 2023 7:14 PM
  • Sarah Taaffe-Maguire, Sky News

The owner of British gambling brand William Hill has said profit is to rise and there is to be no further impact from the record fine it was issued by the UK gambling regulator last month.

888 Holdings has said there is to be “No further expected impact on our UK operations or revenue expectations arising from the settlement between the Gambling Commission and William Hill announced on 28 March 2023 in relation to historic player safety failings”, in its financial year 2022 results and a trading update for the first three months of 2023.

Despite the £92m fine, issued for social responsibility and anti-money laundering failures, profit is expected “to be significantly higher year on year”.