The CFO of 888 steps down amidst decline in yearly revenue

Due in part to tighter UK gambling regulations, 888 anticipates a 3% year-over-year decline in revenue for its fiscal year 2022. In addition, the online gambling operator announced that Yariv Dafna would be resigning as its chief financial officer. Dafna's significant contributions to 888's development in recent years, including its transformational merger with William Hill, were recognized. The operator's board has now started looking for a replacement.

 

[Julio88]

Due in part to tighter UK gambling regulations, 888 anticipates a 3% year-over-year decline in revenue for its fiscal year 2022. In addition, the online gambling operator announced that Yariv Dafna would be resigning as its chief financial officer. Dafna's significant contributions to 888's development in recent years, including its transformational merger with William Hill, were recognized. The operator's board has now started looking for a replacement.

This is surprising news to me, especially since I was expecting the linkup between 888 and William Hill to be revolutionary given that they are both recognized gambling companies. I even thought their financial resources would shoot up