888 Holdings PLC (LSE:888) (888 Holdings PLC (LSE:888)) will provide full-year results next Friday, 14 April, after its subsidiary William Hill was hit by a record £19.2mln fine by the UK’s gambling watchdog in late March.
It faced the penalty after failing to protect consumers and for weak anti-money laundering controls, with 888 having to cancel its VIP activities in the Middle East in January on similar grounds.
Despite the January controversy prompting it to part ways with chief executive Itai Pazner, 888 said in March it would trading had been in line with revenue forecasts of £1.85bn for the full year and adjusted pre-tax earnings of £310mln.
This is up significantly on last year's £980mln and £165mln, after completing its acquisition of William Hill in July.
However, “investors have been concerned about the significant debt taken on to finance the William Hill deal”, according to interactive investor analyst Victoria Scholar, causing the group to face “a rough ride” as its share price fell by over 70% in the past year.