{"id":220,"date":"2024-06-15T05:13:58","date_gmt":"2024-06-15T02:13:58","guid":{"rendered":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/888-holdings-sells-bingo-business-to-broadway-gaming-group-for-50-million\/"},"modified":"2024-06-17T12:50:00","modified_gmt":"2024-06-17T09:50:00","slug":"888-holdings-sells-bingo-business-to-broadway-gaming-group-for-50-million","status":"publish","type":"post","link":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/888-holdings-sells-bingo-business-to-broadway-gaming-group-for-50-million\/","title":{"rendered":"888 Holdings Sells Bingo Business to Broadway Gaming Group for $50 Million"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/EZ8F11oRMFM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A prominent online gaming company, 888 Holdings, is divesting its bingo division to Saphalata Holdings, a branch of Broadway Gaming Group, for a substantial $50 million.<\/p>\n<p>The transaction is projected to conclude in the second quarter of the following year, contingent upon certain conditions.  888 must reorganize its bingo activities and obtain a fresh permit from UK authorities.<\/p>\n<p>888&#8217;s choice to relinquish its bingo segment stems from a desire to optimize and prioritize its core competencies.  They intend to allocate resources to their primary platform and intensify efforts in key sectors such as casinos, sports wagering, and poker.<\/p>\n<p>Itai Pazner, 888&#8217;s Chief Executive Officer, views this as a calculated maneuver to reinforce their standing as a worldwide frontrunner in online betting and gaming.<\/p>\n<p>David Butler, Chief Executive Officer of Broadway Gaming, expressed enthusiasm about the acquisition, asserting that it will bolster their global footprint in regulated bingo markets.  They aim to amalgamate 888&#8217;s bingo operations with their current brands, including &#8220;Butlers Bingo.&#8221; <\/p>\n<p>During the ninth month of 2021, 888 Holdings increased its footprint in the United Kingdom by purchasing William Hill&#8217;s non-American holdings from Caesars Entertainment. This substantial transaction brought 2 million active British clients and a web of 1,400 wagering establishments under the 888 banner. <\/p>\n<p>Regarding Britain, their fondness for bingo is widely known! In 2020 solely, the bingo industry produced roughly $65 million in earnings and a robust $7.4 million in profit preceding taxes and additional outlays. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent online gaming company, 888 Holdings, is divesting its bingo division to Saphalata Holdings, a branch of Broadway Gaming Group, for a substantial $50 million. The transaction is projected to conclude in the second quarter of the following year, contingent upon certain conditions. 888 must reorganize its bingo activities and obtain a fresh permit [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>888 Holdings Says<\/title>\n<meta name=\"description\" content=\"Online gaming giant 888 Holdings is cashing in its chips, selling its bingo division for a cool $50 million. 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