888 warns licence could be at stake as watchdog probes new investors


hares 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 licence being revoked — over the involvement of ex-Entain boss Kenny Alexander after he led a group that bought a stake in the firm.

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. FS reportedly aimed to place Alexander in the CEO’s seat at 888, which had been empty since Itai Pazner left in January when 888 launched an internal investigation into the firm’s money laundering checks for Middle Eastern high-rollers. 888 confirmed today that FS had presented such a plan to its board.


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