888 shares rise as Gambling Commission finishes licence review

22nd Mar 2024 07:43

(Sharecast News) - Gambling operator 888 Holdings announced on Friday that it has received notice from the Gambling Commission that it had completed its review of the group's operating licences under the Gambling Act 2005.

The London-listed company said the review, initiated on 14 July, ended without any imposition of licence conditions, financial penalties, or other remedies.

It said the Gambling Commission expressed 888 Holdings had effectively managed and mitigated satisfaction risks to the licensing objectives.

At the time it launched its review, the Gambling Commission said it was in response to FS Holdings acquiring a stake of 888, s well as the planned appointment of ex-GVC executives Kenny Alexander, Lee Feldman and Stephen Morana.

Those appointments were not made in light of the review, however.

At 1023 GMT, shares in 888 Holdings were up 2.88% at 88.89p.

Reporting by Josh White for Sharecast.com.