Billions of pounds have been wiped off the value of London-listed betting operators this week, as William Hill owner 888 today became the second bookie in four days to warn of the joint impact of punter-friendly sports results and safer gambling reforms.
888 said profits would be lower than previously thought, just days after Ladbrokes and Coral owner Entain warned on revenues. Both blamed a combination of factors including sports results and the impact of new safer gambling reforms in the UK.
