888 And Kindred Group Shares Fall in Early Trading

888 Holdings the owner of brands such as William Hill has seen a slide again in its share price Friday as the company is in the midst of an investigation into VIP accounts to the Middle East market with suspected money laundering.

With its long serving chief executive Itai Pazner departing the company following the announcement of the firm investigating the VIP accounts.

The company even thou stating in a trading update that it was in-line with profit expectations with revenues of £1.85 billion and ebitda at £310 million shares still fell some 3.4% on early Friday trading, taking the companies value over the last twelve months to fall by 70%.

It was also not a good start to another gambling company Kindred Group who yesterday was fined £7.1 million for two of its brands 32Red and Platinum Gaming failing in social responsibility and anti-money laundering regulations, saw its share price fall also on early Friday trading.