{"id":201,"date":"2024-06-18T06:33:15","date_gmt":"2024-06-18T03:33:15","guid":{"rendered":"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/"},"modified":"2024-06-20T17:06:08","modified_gmt":"2024-06-20T14:06:08","slug":"888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal","status":"publish","type":"post","link":"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/","title":{"rendered":"888 to Divest Latvian Operations to Paf in \u20ac28.3 Million Deal"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/sfVXfBucQfs\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The gaming giant, 888, is divesting its Latvian operations to Paf, a fellow gaming enterprise, for a sum of \u20ac28.3 million (approximately $30.5 million). The transaction is anticipated to reach completion in the upcoming weeks.<\/p>\n<p>The divestiture is structured as a transaction devoid of cash and debt. Paf will commence with a payment of \u20ac24 million, with the outstanding balance scheduled for settlement in 2024. Upon completion, Paf will hold a 90% ownership stake in the Latvian business.<\/p>\n<p>This Latvian subsidiary operates under the recognizable William Hill and Mr Green trademarks, which are authorized for ongoing utilization in Latvia during a transitional phase.<\/p>\n<p>The Executive Chair of 888, Lord Mendelsohn, elucidated that this divestiture aligns with their strategic objective of concentrating on principal markets and amplifying shareholder worth. The Baltic region, encompassing Latvia, does not constitute a significant growth territory for the corporation.<\/p>\n<p>Janis Tregers, a co-founder and leading figure on the Latvian board, conveyed optimism regarding the company&#8217;s prospects for prosperity under Paf&#8217;s stewardship.<\/p>\n<p>Christer Fahlstedt, the Chief Executive Officer of Paf, expressed their enthusiasm for expanding upon the established achievements in Latvia. <\/p>\n<p>Over time, we are confident that the Latvian marketplace will shift towards enhanced safeguards for players, a trajectory that aligns seamlessly with Paf&#8217;s overarching plan. <\/p>\n<p>This very subject was the central point of a recent dialogue between Paf and *Gaming Insider* publication, in which the present state of gambling regulations across Europe was examined. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gaming giant, 888, is divesting its Latvian operations to Paf, a fellow gaming enterprise, for a sum of \u20ac28.3 million (approximately $30.5 million). The transaction is anticipated to reach&hellip;<\/p>\n","protected":false},"author":45,"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 Sells Latvian Business to Paf in \u20ac28.3 Million Deal<\/title>\n<meta name=\"description\" content=\"Gaming giant 888 is divesting its Latvian operations to Paf for \u20ac28.3 million. The deal, expected to close soon, will see Paf acquire a 90% stake in the business. Get the details here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"888 to Divest Latvian Operations to Paf in \u20ac28.3 Million Deal\" \/>\n<meta property=\"og:description\" content=\"Gaming giant 888 is divesting its Latvian operations to Paf for \u20ac28.3 million. The deal, expected to close soon, will see Paf acquire a 90% stake in the business. Get the details here.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Unlock the Doors to Casino Excitement | Licensed &amp; Secure\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-18T03:33:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:06:08+00:00\" \/>\n<meta name=\"author\" content=\"Nora &quot;Nova&quot; Cook\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nora &quot;Nova&quot; Cook\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/\",\"url\":\"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/\",\"name\":\"888 Sells Latvian Business to Paf in \u20ac28.3 Million Deal\",\"isPartOf\":{\"@id\":\"https:\/\/newnodepositcasinos.icu\/#website\"},\"datePublished\":\"2024-06-18T03:33:15+00:00\",\"dateModified\":\"2024-06-20T14:06:08+00:00\",\"author\":{\"@id\":\"https:\/\/newnodepositcasinos.icu\/#\/schema\/person\/7fd0e81bf153a89e8d588fce7214acc2\"},\"description\":\"Gaming giant 888 is divesting its Latvian operations to Paf for \u20ac28.3 million. The deal, expected to close soon, will see Paf acquire a 90% stake in the business. Get the details here.\",\"breadcrumb\":{\"@id\":\"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/newnodepositcasinos.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"888 to Divest Latvian Operations to Paf in \u20ac28.3 Million Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/newnodepositcasinos.icu\/#website\",\"url\":\"https:\/\/newnodepositcasinos.icu\/\",\"name\":\"Unlock the Doors to Casino Excitement | Licensed &amp; Secure\",\"description\":\"Immerse yourself in the thrilling world of online gambling through our regularly updated news, in-depth game reviews, and expert articles. Experience the best of licensed gaming.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/newnodepositcasinos.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/newnodepositcasinos.icu\/#\/schema\/person\/7fd0e81bf153a89e8d588fce7214acc2\",\"name\":\"Nora \\\"Nova\\\" Cook\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/newnodepositcasinos.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/newnodepositcasinos.icu\/wp-content\/uploads\/sites\/49\/2024\/06\/woman-avatar-96x96.png\",\"contentUrl\":\"https:\/\/newnodepositcasinos.icu\/wp-content\/uploads\/sites\/49\/2024\/06\/woman-avatar-96x96.png\",\"caption\":\"Nora \\\"Nova\\\" Cook\"},\"description\":\"With a Bachelor's degree in Mathematics and a Master's in Data Journalism, this skilled writer has a passion for using data storytelling and visualization techniques to uncover insights and trends in the casino industry. They have expertise in data mining, interactive visualization, and narrative journalism, which they apply to the creation of compelling and informative stories about the social, economic, and cultural impact of gambling. Their articles and reviews provide readers with a data-driven perspective on the casino industry and the strategies used to promote transparency, accountability, and public awareness.\",\"url\":\"https:\/\/newnodepositcasinos.icu\/author\/dwf243153251gd\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"888 Sells Latvian Business to Paf in \u20ac28.3 Million Deal","description":"Gaming giant 888 is divesting its Latvian operations to Paf for \u20ac28.3 million. The deal, expected to close soon, will see Paf acquire a 90% stake in the business. Get the details here.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/","og_locale":"en_GB","og_type":"article","og_title":"888 to Divest Latvian Operations to Paf in \u20ac28.3 Million Deal","og_description":"Gaming giant 888 is divesting its Latvian operations to Paf for \u20ac28.3 million. The deal, expected to close soon, will see Paf acquire a 90% stake in the business. Get the details here.","og_url":"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/","og_site_name":"Unlock the Doors to Casino Excitement | Licensed &amp; Secure","article_published_time":"2024-06-18T03:33:15+00:00","article_modified_time":"2024-06-20T14:06:08+00:00","author":"Nora \"Nova\" Cook","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Nora \"Nova\" Cook","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/","url":"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/","name":"888 Sells Latvian Business to Paf in \u20ac28.3 Million Deal","isPartOf":{"@id":"https:\/\/newnodepositcasinos.icu\/#website"},"datePublished":"2024-06-18T03:33:15+00:00","dateModified":"2024-06-20T14:06:08+00:00","author":{"@id":"https:\/\/newnodepositcasinos.icu\/#\/schema\/person\/7fd0e81bf153a89e8d588fce7214acc2"},"description":"Gaming giant 888 is divesting its Latvian operations to Paf for \u20ac28.3 million. The deal, expected to close soon, will see Paf acquire a 90% stake in the business. Get the details here.","breadcrumb":{"@id":"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/newnodepositcasinos.icu\/2024\/06\/18\/888-to-divest-latvian-operations-to-paf-in-e28-3-million-deal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/newnodepositcasinos.icu\/"},{"@type":"ListItem","position":2,"name":"888 to Divest Latvian Operations to Paf in \u20ac28.3 Million Deal"}]},{"@type":"WebSite","@id":"https:\/\/newnodepositcasinos.icu\/#website","url":"https:\/\/newnodepositcasinos.icu\/","name":"Unlock the Doors to Casino Excitement | Licensed &amp; Secure","description":"Immerse yourself in the thrilling world of online gambling through our regularly updated news, in-depth game reviews, and expert articles. Experience the best of licensed gaming.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/newnodepositcasinos.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/newnodepositcasinos.icu\/#\/schema\/person\/7fd0e81bf153a89e8d588fce7214acc2","name":"Nora \"Nova\" Cook","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/newnodepositcasinos.icu\/#\/schema\/person\/image\/","url":"https:\/\/newnodepositcasinos.icu\/wp-content\/uploads\/sites\/49\/2024\/06\/woman-avatar-96x96.png","contentUrl":"https:\/\/newnodepositcasinos.icu\/wp-content\/uploads\/sites\/49\/2024\/06\/woman-avatar-96x96.png","caption":"Nora \"Nova\" Cook"},"description":"With a Bachelor's degree in Mathematics and a Master's in Data Journalism, this skilled writer has a passion for using data storytelling and visualization techniques to uncover insights and trends in the casino industry. They have expertise in data mining, interactive visualization, and narrative journalism, which they apply to the creation of compelling and informative stories about the social, economic, and cultural impact of gambling. Their articles and reviews provide readers with a data-driven perspective on the casino industry and the strategies used to promote transparency, accountability, and public awareness.","url":"https:\/\/newnodepositcasinos.icu\/author\/dwf243153251gd\/"}]}},"_links":{"self":[{"href":"https:\/\/newnodepositcasinos.icu\/wp-json\/wp\/v2\/posts\/201"}],"collection":[{"href":"https:\/\/newnodepositcasinos.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newnodepositcasinos.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newnodepositcasinos.icu\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/newnodepositcasinos.icu\/wp-json\/wp\/v2\/comments?post=201"}],"version-history":[{"count":1,"href":"https:\/\/newnodepositcasinos.icu\/wp-json\/wp\/v2\/posts\/201\/revisions"}],"predecessor-version":[{"id":236,"href":"https:\/\/newnodepositcasinos.icu\/wp-json\/wp\/v2\/posts\/201\/revisions\/236"}],"wp:attachment":[{"href":"https:\/\/newnodepositcasinos.icu\/wp-json\/wp\/v2\/media?parent=201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newnodepositcasinos.icu\/wp-json\/wp\/v2\/categories?post=201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newnodepositcasinos.icu\/wp-json\/wp\/v2\/tags?post=201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}