Aug 31, 2017
Ladbrokes investors must hope 888 foretells future results
In Thursday's settlement with the UK Gambling Commission over responsible practices, might 888 Holdings have given Ladbrokes Coral shareholders a genuine vision of what is to come? Ladbrokes investors will now hope for further feelings of déjà vu. Sound familiar? Ladbrokes is also exposed to a big range of possibilities for maximum FOBT stakes - from £100 to £2 - and much is at risk, as they account for 56 per cent of retail revenues, according to Barclays. Ladbrokes investors will hope this is just a preview of action to come. UKGC, which has already fined Paddy Power for not preventing problem gambling on FOBTs, warned: "Safeguarding consumers is not optional." In the past, Ladbrokes has highlighted its work with the commission to promote responsible gambling - but on Thursday it switched its message to criticising outcomes "Based on . . . emotion".
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