888 bounces back, scraps dividend

LONDON, England -- 888 Holdings may have bounced back after its World Cup slump but still decided against dividend payment, The Independent reported.

888 Holdings revenue rose 10 per cent to $130 million but profit was down 56 per cent, The Independent said.

888 cut $6 million in costs to try to stabilize its situation, this is now paying off the company said.

Concern over regulation in European markets was the reason not to pay out a dividend, The Independent noted.