Regulation Upsets Online Gambling in Europe

A wave of new regulation across Europe is roiling the $37 billion global online gambling industry and driving a spate of deal talks in recent weeks. The U.K.’s 888 Holdings Ltd. , one of the sector’s biggest competitors, said that it had ended talks over a proposed £720 million ($1.1 billion) takeover by U.K. bookmaker William Hill PLC. 888, based in Gibraltar, said talks broke down after a key shareholder couldn’t agree on price.