{"id":66,"date":"2024-06-12T20:54:07","date_gmt":"2024-06-12T17:54:07","guid":{"rendered":"https:\/\/newnodepositcasinos.icu\/2024\/06\/12\/888-holdings-to-divest-bingo-business-to-broadway-gaming-group-for-50-million\/"},"modified":"2024-06-17T13:10:22","modified_gmt":"2024-06-17T10:10:22","slug":"888-holdings-to-divest-bingo-business-to-broadway-gaming-group-for-50-million","status":"publish","type":"post","link":"https:\/\/newnodepositcasinos.icu\/2024\/06\/12\/888-holdings-to-divest-bingo-business-to-broadway-gaming-group-for-50-million\/","title":{"rendered":"888 Holdings to Divest 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\/IX3_-cPXS9I\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The gaming company 888 Holdings has decided to divest its bingo operations to Saphalata Holdings, a subsidiary of the Broadway Gaming Group, in a transaction valued at $50 million.  Anticipated to finalize in the second quarter of the following year, this sale will enable 888 to concentrate on its primary offerings, including casino games, sports wagering, and poker. Itai Pazner, CEO of 888, expressed confidence that this strategic move will solidify their position as a frontrunner in the online betting and gaming industry.  David Butler, CEO of Broadway Gaming, shared his enthusiasm for integrating 888&#8217;s bingo platform into their existing portfolio, which already features &#8220;Butlers Bingo,&#8221; as a means to broaden their international presence within the online bingo sector. <\/p>\n<p>In the ninth month of 2021, 888 Holdings broadened its scope by purchasing William Hill&#8217;s international holdings from Caesars Entertainment. This calculated action brought 2 million engaged UK patrons and a system of 1,400 wagering locations into the 888 fold. <\/p>\n<p>Interestingly, in 2020, their chance game activities produced roughly $65 million in earnings and a robust $74 million in EBITDA, demonstrating its financial success. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gaming company 888 Holdings has decided to divest its bingo operations to Saphalata Holdings, a subsidiary of the Broadway Gaming Group, in a transaction valued at $50 million. Anticipated&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 Holdings Ditches Bingo: What<\/title>\n<meta name=\"description\" content=\"888 Holdings is selling its bingo operations to Saphalata Holdings for a cool $50 million! This strategic move will allow 888 to focus on its core offerings. What does this mean for the future of 888? 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