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888 full-year profits fall 40%

Increased taxes results in reduced EBITDA of $59.4m despite 2% revenue increase

888 Holdings has this morning posted a 40% decline in EBITDA, a drop the operator attributed to the introduction of new gaming duties and unfavourable FX movements. Total EBITDA for the 12 months ended 31 December 2015 was $59.4m (?41.7m) compared to $97.3m (?68.3m) last year, but on an adjusted basis was down 20% to…

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