888 Holdings’ UK Operating License Under Review Amid UKGC Concerns Over FS Gaming Investment
On Friday, July 14, the UK Gambling Commission (UKGC) revealed that it is currently reviewing UK operating license of global online casino, sportsbook operator and William Hill owner 888 Holdings, which is linked to 6.6% stake in 888 acquired by FS Gaming Investment, an investment group that reportedly includes previous executives of GVC, now known as Entain.
In addition, following the disclosure, the value of 888 shares fell by 26%.
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In a statement, published by 888 on Friday, July 14, the UKGC explained the reason for the review, saying: “The review was due to FS Gaming’s investment and its proposal to shake up 888’s management with a…