888 HOLDINGS PLC 888 (LSE: 888) notes the announcement from the UK Gambling Commission (GC) relating to certain failures in 2020 and 2021 in William Hill's social responsibility and anti-money laundering ("AML") policies and procedures before William Hill's ownership by the Group. The regulatory settlement amounts to £19.2 million and was already provided for in the Group's accounts.
A company spokesperson commented:
"The settlement relates to the period when William Hill was under the previous ownership and management. After William Hill was acquired, the company quickly addressed the identified issues with the implementation of a rigorous action plan.
The entire Group shares the GC's commitment to improve compliance standards across the industry and we will continue to work collaboratively with the regulator and other stakeholders to achieve this."
Enquiries and further information:
888 Holdings Plc | +44(0) 800 029 3050 |
Andrew Friel, Head of Corporate Affairs James Finney, Director of IR | ir@888holdings.com |
Media | 888@hudsonsandler.com |
Hudson Sandler Alex Brennan / Charlotte Cobb / Andy Richards | +44(0) 207 796 4133 |
About 888 Holdings Plc:
888 Holdings plc (and together with its subsidiaries, "888" or the "Group") is one of the world's leading betting and gaming companies. In 2022, the Group acquired the international (non-US) business of William Hill to create a global industry leader. Headquartered in Gibraltar, and listed in London, the Group operates from 15 offices around the world and employs over 12,000 people globally.
The Group's mission is to lead the gambling world in creating the best betting and gaming experiences, bringing unrivalled moments of excitement to people's day-to-day lives. It achieves this by developing state-of-the-art technology and content-rich products that provide fun, fair, and safe betting and gaming entertainment to customers around the world.
The Group owns and operates internationally renowned brands including 888casino, 888sport, 888poker, William Hill and Mr Green. In addition, the Group operates the SI Sportsbook brand in the US in partnership with Authentic Brands Group.
Find out more at:
http://corporate.888.com/
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888 Holdings plc published this content on 28 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2023 09:47:07 UTC.
