{"id":15723,"date":"2020-03-31T07:17:09","date_gmt":"2020-03-31T07:17:09","guid":{"rendered":"https:\/\/www.casinosonline.com\/?p=15723"},"modified":"2020-03-31T07:17:09","modified_gmt":"2020-03-31T07:17:09","slug":"888-delays-2019-results-release-following-fca-guidance","status":"publish","type":"post","link":"https:\/\/www.casinosonline.com\/casino-news\/888-delays-2019-results-release-following-fca-guidance\/","title":{"rendered":"888 Delays 2019 Results Release Following FCA Guidance"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-14299\" src=\"https:\/\/www.casinosonline.com\/wp-content\/uploads\/2020\/01\/888-Holdings.jpg\" alt=\"\" width=\"827\" height=\"276\" srcset=\"https:\/\/www.casinosonline.com\/wp-content\/uploads\/2020\/01\/888-Holdings.jpg 827w, https:\/\/www.casinosonline.com\/wp-content\/uploads\/2020\/01\/888-Holdings-300x100.jpg 300w, https:\/\/www.casinosonline.com\/wp-content\/uploads\/2020\/01\/888-Holdings-768x256.jpg 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/p>\n<p>Leading iGaming operator  <a href=\"https:\/\/www.casinosonline.com\/casino-software\/888-gaming\/\"> <strong>888 Holdings<\/strong><\/a> has delayed the release of its results for the year 2019. The decision came after the request that FCA (Financial Conduct Authority) issued earlier this month.<\/p>\n<p>The Authority requested that all businesses observe a two-week moratorium on the publication of preliminary financial results. 888 was going to publish the results on the 24<sup>th<\/sup> of March 2020. However, there has been a change in plans. The company will announce a new date in due time. Until further notice, we don\u2019t know when the results will go public.<\/p>\n<h2>Changes due to Covid-19<\/h2>\n<p>According to the press release from the FCA, the novel coronavirus brought about \u201cunprecedented practical challenges for businesses and auditors\u201d. The practise of disclosing preliminary results would just add unnecessary pressure.<\/p>\n<p>The regulator explained the decision.<\/p>\n<p>\u201cThe FCA notes that the practice of issuing preliminary financial statements is common among UK-listed companies. But it is not required by either the Listing Rules or the Transparency Directive.\u201d<\/p>\n<p>They added:<\/p>\n<p>\u201cRather, the requirement is that companies publish full audited financial statements within four months of the financial year end.\u201d<\/p>\n<h2>Results Can Wait<\/h2>\n<p>The authority stated that it is common practice to release preliminary financial results way earlier than required. The businesses have 4 full months to unveil the report. The regulator also advises the listed business to revise reporting timetables. It is all with the aim of ensuring that they give due consideration to the current pandemic.<\/p>\n<p>As it asserts practical challenges, firms have to work accordingly. The FCA is currently devising a package of measures that will support the ventures. It is important to note that the guidance applies only to companies listed on the London Stock Exchange\u2019s Main Market. Those on the Alternative Investment Market (AIM) are not part of the alterations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading iGaming operator 888 Holdings has delayed the release of its results for the year 2019. The decision came after the request that FCA (Financial Conduct Authority) issued earlier this month. The Authority requested that all businesses observe a two-week moratorium on the publication of preliminary financial results. 888 was going to publish the results [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>888 Delay Full-year Results due to Coronavirus | essemmemusica.it<\/title>\n<meta name=\"description\" content=\"After the request issued by the FCA (Financial Conduct Authority), 888 Holdings is going to delay its full-year results from 2019 due to COVID-19.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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