Series of court cases in Austria found that the company had been operating illegally. 888 Holdings reportedly expects costly legal action to follow.
Series of court cases in Austria found that the company had been operating illegally. 888 Holdings reportedly expects costly legal action to follow.Regulatory pressure is looming for 888 Holdings, the parent company of internationally renowned brands William Hill, 888, Mr. Green, and SI Sportsbook, according to multiple reports.
In Austria, the state-backed gambling company holds a monopoly - and it has done for several years now. The market is therefore limited by the country’s assertion that any companies other than Casinos Austria are illegal. Looking at overall figures for last year, 888 Holdings saw an 8% fall from $2.35 billion in 2022 to $2.2 billion in 2023. Executives said more than $100 million of revenue was lost as a result of a “proactive mix shift away from dot-com markets.”
888 Holdings is now looking ahead under the new leadership of CEO Per Widerström, who took the helm in October last year, and has promised a new focus for the company.
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