![]() ![]() ![]() The investment is understood to have triggered interest from the Gambling Commission. It has since been searching for new leadership and looked like it might have found it in the shape of FS Gaming, a vehicle launched by the three former executives from Entain, the owner of Ladbrokes.įS Gaming bought 6.5% of 888 in June and proposed the installation of Lee Feldman as chairman and Kenny Alexander as chief executive, reprising their former roles at Entain, with former Entain senior independent director Stephen Morana as finance chief. The statement prolongs a period of tumult that began in January, when 888 removed longstanding chief executive Itai Pazner, amid an internal investigation into a failure to follow anti-money-laundering processes. The company said that it had broken off talks with the prospective leadership trio in the light of questions from the industry regulator about their previous roles at rival gambling firm Entain, which is the subject of an HM Revenue and Customs investigation into alleged offences including bribery.
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