{"id":67,"date":"2024-06-13T01:24:42","date_gmt":"2024-06-12T22:24:42","guid":{"rendered":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/13\/888-holdings-sells-bingo-business-to-broadway-gaming-for-50-million\/"},"modified":"2024-06-17T13:24:29","modified_gmt":"2024-06-17T10:24:29","slug":"888-holdings-sells-bingo-business-to-broadway-gaming-for-50-million","status":"publish","type":"post","link":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/13\/888-holdings-sells-bingo-business-to-broadway-gaming-for-50-million\/","title":{"rendered":"888 Holdings Sells Bingo Business to Broadway Gaming for $50 Million"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/EYC4MUSvshc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings is divesting its bingo operations to Broadway Gaming, a branch of Saphalata Holdings, for a sum of $50 million. The transaction is anticipated to be finalized in the second quarter of the following year, subject to regulatory clearance.<\/p>\n<p>888, a publicly traded corporation and prominent participant in the internet gaming industry, will provide transitional support to Broadway for a period of up to one year. The firm opted to offload its bingo segment to concentrate on its primary offerings, such as casino diversions, sports wagering, and poker.<\/p>\n<p>Itai Pazner, the CEO of 888, indicated that the divestiture will enable the company to &#8220;further bolster its emphasis on its core platforms&#8221; and &#8220;expand our principal product verticals of Casino, Sport, and Poker.&#8221;<\/p>\n<p>David Butler, the CEO of Broadway Gaming, remarked that the acquisition will provide the company with &#8220;a substantially augmented global presence&#8221; within the online bingo sector. Broadway Gaming possesses and manages various online bingo brands, including &#8220;Butlers Bingo.&#8221; <\/p>\n<p>During the ninth month of 2021, the gaming behemoth 888 Holdings substantially broadened its reach by purchasing the non-United States holdings of William Hill from Caesars Entertainment. This colossal transaction brought 888 an additional two million active patrons in the United Kingdom and 1,400 wagering establishments. <\/p>\n<p>On a separate note, 888&#8217;s bingo endeavors demonstrated considerable profitability in 2020, garnering approximately $65 million in earnings and yielding $7.4 million in profit before deducting taxes, interest, depreciation, and amortization. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings is divesting its bingo operations to Broadway Gaming, a branch of Saphalata Holdings, for a sum of $50 million. The transaction is anticipated to be finalized in the second quarter of the following year, subject to regulatory clearance. 888, a publicly traded corporation and prominent participant in the internet gaming industry, will provide [&hellip;]<\/p>\n","protected":false},"author":99,"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=\"888 Holdings is cashing out its bingo chips in a $50 million deal with Broadway Gaming, a subsidiary of Saphalata Holdings. 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