Evolution Drops Most in Three Years on UK Gaming License Review
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Shares of online gambling company Evolution AB fell the most in three years after the UK Gambling Commission opened a review of the firm’s operations.
The British agency opened a review of Evolution’s subsidiary after determining that the company’s games were accessible through operators that don’t hold a UK license, according to a statement from Evolution on Friday after markets closed. The company said such a review could lead to penalties or a suspension of a gaming license.