Bookmaker 888 reports higher annual profit

(Reuters) – British bookmaker 888 Holdings retained its 2024 profit forecast on Tuesday after reporting a rise for last year, as higher marketing spend on gaming and betting businesses helped the company mitigate the impact of gambling safety measures.

The London-listed company reported adjusted core profit of 308.3 million pounds ($389.94 million) for full year 2023, compared with 217.9 million in 2022.

($1 = 0.7906 pounds)

(Reporting by Anchal Rana in Bengaluru; Editing by Subhranshu Sahu)

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