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888 Holdings shares plummet as online gambling is hit by slowdown

888 Holdings shares plummeted on Friday after the gambling group revealed a massive drop in profits. Pre-tax profits at the Gibraltar-based business tumbled by two-thirds to £14.4m in the first half of 2022. New safety controls and reopening of betting shops hit online gambling.
Sports
888 Holdings shares plummet as online gambling is hit by slowdown
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Three Online Casino Brands Closed by William Hill

William Hill announced that EuroGrand, 21 Nova and Casino Club brands will cease to operate by January 2022. The move is part of streamlining its operations. William Hill will continue to run its six online casino sites in the U.K. and Mr. Green. The company's online activities generated 61% of the company’s $1.76 billion in 2020 revenue. U.,S. casino giant bought the rest of William HIll for $3.7 billion last year. It also bought Mr Green for £242 million in cash.
Industry
Three Online Casino Brands Closed by William Hill

Evoke Gaming Faces Regulatory Action by Swedish Gambling Regulator

Evoke Gaming has been ordered to re-verify player accounts between January 2019 and July 2019. The Swedish Gambling Authority found a number of verification discrepancies related to players who registered in the above-mentioned period. The investigation into Evoke focused on the company’s management of its licensing duties under the new law. All locally licensed online casino and betting operators are required to make sure their customers are verified to the standards outlined by the law as outlined in Spelinspektionen's report.
Law
Evoke Gaming Faces Regulatory Action by Swedish Gambling Regulator
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