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Gambling group Evoke – formerly 888 – reports losses of £147m after taking £72m hit from US market retreatThe owner of William Hill and 888 reported widening losses in the first half of 2024, in a “disappointing” update that led its new management team to admit that its turnaround plan for the gambling group was running behind schedule.Pre-tax losses at Evoke, which was rebranded from 888 earlier this year, ballooned from £45m to £147m, largely owing to a £72m hit incurred by the company’s retreat from the US market and finance costs associated with 888’s £2bn takeover of William Hill in 2022. Continue reading…
Gambling group Evoke – formerly 888 – reports losses of £147m after taking £72m hit from US market retreat
The owner of William Hill and 888 reported widening losses in the first half of 2024, in a “disappointing” update that led its new management team to admit that its turnaround plan for the gambling group was running behind schedule.
Pre-tax losses at Evoke, which was rebranded from 888 earlier this year, ballooned from £45m to £147m, largely owing to a £72m hit incurred by the company’s retreat from the US market and finance costs associated with 888’s £2bn takeover of William Hill in 2022.
