SHARES in 888 climbed yesterday following the firm's re-admission into the London Stock Exchange main market for listed securities.

This comes after the firm completed its £2bn acquisition of gambling firm William Hill's non-US business from Caesars Entertainment on Friday.

The group, which owns Mr Green and SI Sportsbook, confirmed the done-deal last Friday, and said that Ulrik Bengtsson and Eric Hageman, former CEO and CFO of William Hill, would be leaving their positions, with 888 chief Itai Pazner taking the reins.

In April, 888 sliced the deal's value, citing the changing "macroeconomic and regulatory environment".

The new agreement with Caesars Entertainment meant 888 paid £250m less for an initial cash consideration, down from £835m.

However, last month British firm 888 said it expected revenues for the half year to dip as it feels the impact of stricter gambling measures and a temporary withdrawal from the Netherlands.

(c) 2022 City A.M., source Newspaper