Betting firm 888 shares slide 15% as profits expectations fall

The company, which operates 888casino, 888poker, and 888sport among other brands, said it now expected an adjusted core profit margin of about 18% to 19%, down from 20% projected previously. Picture: iStock

Betting firm 888 Holdings has lowered its annual core profit expectations after a 10% decline in third-quarter revenue, partly due to tighter regulations in Britain.

The company’s shares ended 15% lower to a more than two-month low in London trade. Britain recently laid out plans to crack down on problem gambling with proposals that would see new limits on online stakes, increased affordability checks on customers and a new levy on betting firms.