Reuters.By Scott Kanowsky
Investing.com –Shares in 888 Holdings (LON:) jumped on Monday, reversing some losses at the end of the previous trading week, after analysts at Peel Hunt backed their positive view of the online gambling firm’s outlook.
The analysts said they are still confident that the integration of William Hill’s business outside of the U.S., which 888 acquired in a 1.95 billion(1 = $1.2220) deal completed in July, will be “executed well” and create the potential for a “bounce back” for the stock.
Shares in Gibraltar-based 888 have dropped by around 65% over the past 12 months, as investors fret over how recent central bank interest rate hikes will impact the massive debt pile 888 accrued in order to finance the Will…
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