The Gibraltar-based firm 888 Holdings Plc, has announced on Monday that its UK licence is under investigation by the UK Gambling Commission (UKGC).
888’s shares fall by 8% as the annoyed shareholders tried to collect the winnings they had won before the investigations began.
In a statement on its website, 888 said that the review relates to the “manner in which a subsidiary of the company has carried on its licensed activities to ensure compliance with the UKGC operating licence held by the licensee”. “The company is dedicated to providing players with a responsible as well as enjoyable gaming experience and the licensee will be proactively engaged in a cooperative and collaborative manner with the UKGC throughout this review.”
This announcement followed the BGO case which was fined by the UKGC for ad failings.
Further announcement will be made by the company in the following days.
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29 October 2020