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Not pretty reading for shareholders
https://next.io/news/fy-2023-888-holdings-revenue-decline/
Analyst comment:
“888 needs to start measuring success as market share gains in key markets rather than sporadically mitigating endemic underperformance.
“Over the last decade both 888 and William Hill have taken brief respites from endemic underperformance and claimed the beginning of a turnaround.
With £1.6bn of debt, rising underlying costs, a less forgiving macro-environment, and continued regulatory uncertainty, the combined group now needs a real turnaround to survive,”
https://next.io/news/fy-2023-888-holdings-revenue-decline/
Analyst comment:
“888 needs to start measuring success as market share gains in key markets rather than sporadically mitigating endemic underperformance.
“Over the last decade both 888 and William Hill have taken brief respites from endemic underperformance and claimed the beginning of a turnaround.
With £1.6bn of debt, rising underlying costs, a less forgiving macro-environment, and continued regulatory uncertainty, the combined group now needs a real turnaround to survive,”
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