British bookmaker 888 Holdings has today reported a fall in its first-half interim profit, dented by tightened UK online gambling safety measures and the cost-of-living crisis.
The London-listed company said its profit for the six-month period ended June 30 slumped 66% to £14.4m, compared with £41.9m last year.
"In the second half of 2022, our main focus is on integration of William Hill, delivering on our synergy plans, and driving higher profitability across the business," chief executive Itai Pazner said in a statement.
In the past couple of months, betting firms have benefited from people spending more time online to play games and bet on sports as new waves of Covid infections led governments to impose travel restrictions.
The company completed its acquisition of William Hill's international assets from US-based owner Caesars Entertainment in July.
It said revenue in the second half is expected to be in line with its performance in the first six months of 2022.
Total revenue for the reported period dropped 13% to £332.1m.