Online betting group 888 has removed its chief executive and suspended VIP customer accounts in the Middle East amid an internal investigation into a failure to follow anti-money laundering processes.
Shares in the Gibraltar-headquartered group, which last year acquired William Hill’s operations outside the US in a £2.2bn deal, plunged by more than a quarter as investors fuelled 888’s biggest drop in share price since 2006. Its market value has slumped more than 70% over the last year.
