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888 lowers revenue forecast due to regulatory uncertainty

888 lowers revenue forecast due to regulatory uncertainty

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Bookmaker 888 has warned that its mid-year revenues will be lower than originally forecast, as the UK government looks to tighten online gambling safety measures.

Rules introduced in the UK over recent years include a cap on the maximum stake on gaming terminals, stricter age and identity checks for online gambling and more support for those who become addicted. And this past week, the UK Gambling Commission issued fresh guidance for gambling firms to take follow in advance of further new rules coming into effect in September.

Affordability checks, maximum stakes and other safer betting measures could affect earnings, depending upon the final legislation.

888 expects revenues of £330-335m (US$403-$409m) for the six months to June 30th, which is in line with expectations. 888 have also said that William Hill revenue for the period is expected to be in the region of £620-630m.