Gambling Commission completes 888 licence review with no further action

Shares in 888 Holdings plc gained more than 6 per cent in London early Thursday following the conclusion of the company’s licence review.

The company said this morning that Britain’s Gambling Commission has concluded the review of its operating licence, which was launched in July 2023 after FS Gaming acquired a stake in 888.

The Gambling Commission said at the time that a licence review was appropriate in light of FS Group's investment in 888, and its proposed appointment of former GVC executives Lee Feldman, Kenny Alexander and Stephen Morana.

Those appointment were never made and the licence review has now concluded without any further action or penalties, after the Gambling Commission decided that there is no risk to the licensing objectives.

Shares in 888 Holdings plc. (LSE:888) gained more than 6 per cent on the news in London Friday morning before falling back to 89.50 pence per share, up 3.59 per cent on the previous close.