Investors in major bookies began cashing in their chips after 888 signalled the online gambling boom is running out of steam.
888 slumped to the bottom of the FTSE 250 leaderboard after bosses said they were ‘mindful’ that customers were likely to play fewer virtual games once the final Covid restrictions lift.
Average daily revenues have fallen by 20 per cent year-on-year since rules on retail and leisure venues were relaxed on May 17, 888 said.
888 slumped to the bottom of the FTSE 250 leaderboard after bosses said they were ‘mindful’ that customers were likely to play fewer virtual games once the final Covid restrictions lift
And players in England are likely to be even more distracted once social distancing ends on July 19 and people can return to sites such as pubs, cinemas and casinos without limits on capacity.
RELATED ARTICLES Share this article Share HOW THIS IS MONEY CAN HELP Punters are now likely to return to pre-pandemic habits, which were less reliant on placing online bets.
The company, which operates poker, casino, bingo and sports betting businesses, is also worried about ‘regulatory and compliance changes’.
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