The Gambling Commission will take no regulatory action against 888 Holdings following the licence review sparked by an attempted management takeover by Kenny Alexander.

The Commission announced the review in July of last year. This followed FS Gaming, the investment vehicle backed by former Entain CEO Kenny Alexander, acquiring a stake in 888.

After purchasing a 6.57% stake, plans were set for a trio of former Entain executives to take charge at 888. This led to the Commission initiating the investigation.

Alexander would have become CEO under the proposal. Former Entain chair Lee Feldman would take the same role at 888 and Stephen Morana chief financial officer.