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Evening Standard
Evening Standard
Business
Michael Hunter

Betting giant 888 reports surge in profits after year marked by scandal and a record fine

Gambling company 888 Holdings tried to put a scandal with high-rolling Middle East punters and a record fine for historic failings over customer safety behind it today, as it reported a surge in annual profits that will put the spotlight back on a sector struck with controversy. 

888 was rocked this year by revelations that it failed to follow rules to prevent money laundering on some VIP customer accounts in the region, prompting it to launch an internal investigation and suspend some accounts.

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