UK’s 888 Holdings finance chief steps down

Jan 13 (Reuters) – British bookmaker 888 Holdings (888.L) mentioned on Friday its Chief Monetary Officer Yariv Dafna will step down from the position, whereas the group reported a 3% fall in quarterly income.

The corporate mentioned Dafna will step down after the group publishes its full 12 months leads to late March.

Dafna, 49, had been the CFO for over two years and was a part of the corporate when the playing agency purchased the worldwide belongings of the U.S. on line casino group William Hill for two.2 billion kilos ($2.68 billion) in September 2021.

The corporate additionally noticed its on-line revenues fall 5% to 326 million kilos for the quarter ended Dec. 31, weighed by the UK’s tightened on-line participant security measures and the closure of its Dutch operations.

888, which has began a search to establish a successor to Dafna, reported whole income of 458 million kilos within the fourth quarter, in contrast with 470 million kilos a 12 months in the past.

($1 = 0.8198 kilos)

Reporting by Sinchita Mitra in Bengaluru; Enhancing by Dhanya Ann Thoppil

Our Requirements: The Thomson Reuters Belief Ideas.