{"id":148,"date":"2024-06-16T18:47:44","date_gmt":"2024-06-16T15:47:44","guid":{"rendered":"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/888-holdings-finalizes-sale-of-bingo-business-to-broadway-gaming-for-45-2-million\/"},"modified":"2024-06-20T17:15:46","modified_gmt":"2024-06-20T14:15:46","slug":"888-holdings-finalizes-sale-of-bingo-business-to-broadway-gaming-for-45-2-million","status":"publish","type":"post","link":"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/888-holdings-finalizes-sale-of-bingo-business-to-broadway-gaming-for-45-2-million\/","title":{"rendered":"888 Holdings Finalizes Sale of Bingo Business to Broadway Gaming for $45.2 Million"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/wJXcrbAK6IA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings has completed the divestiture of its B2C and B2B bingo units to Saphalata Holdings, a division of Broadway Gaming. The transaction, appraised at $45.2 million, involved an upfront payment of $43.2 million, with the balance of $2 million to be settled unconditionally within the following year. 888 Holdings has further consented to furnish transitional support to Broadway for a duration of 12 months to guarantee a seamless transfer.<\/p>\n<p>Itai Pazner, Chief Executive Officer of 888 Holdings, conveyed appreciation to the bingo staff for their commitment, especially throughout the sale proceedings. He contends that the bingo enterprise is well-situated for prosperity as a component of a specialized gaming entity.<\/p>\n<p>This calculated maneuver enables 888 Holdings to prioritize its amalgamation with William Hill and its ambition of emerging as a global frontrunner in online wagering and gaming amusement.<\/p>\n<p>The United Kingdom-based bingo activities yielded $25 million in earnings during the initial six months of 2022 and roughly $54 million for the entirety of the year.<\/p>\n<p>David Butler, Chief Executive Officer of Broadway, articulated his excitement regarding the acquisition, emphasizing the industry-leading stature of 888 Holdings&#8217; bingo business and infrastructure. <\/p>\n<p>This agreement places us in an exceptional spot to be at the forefront of the internet bingo sector. We are merging the finest of what Butlers Bingo currently offers with these fresh assets.&#8221;<\/p>\n<p>&#8220;We perceive significant expansion opportunities, both with individual users and other enterprises. The leadership team is eager to collaborate and transform this into the largest and most reputable online bingo enterprise globally.&#8221;<\/p>\n<p>This declaration followed 888 Holdings, a gaming corporation, finalizing the acquisition of William Hill&#8217;s non-US operations in July 2022.  Their Board of Directors also welcomed three new individuals. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings has completed the divestiture of its B2C and B2B bingo units to Saphalata Holdings, a division of Broadway Gaming. The transaction, appraised at $45.2 million, involved an upfront payment of $43.2 million, with the balance of $2 million to be settled unconditionally within the following year. 888 Holdings has further consented to furnish [&hellip;]<\/p>\n","protected":false},"author":98,"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 Completes Bingo Business Divestiture<\/title>\n<meta name=\"description\" content=\"888 Holdings has sold its B2C and B2B bingo units to Saphalata Holdings (Broadway Gaming) for $45.2 million, marking a strategic move for the company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/888-holdings-finalizes-sale-of-bingo-business-to-broadway-gaming-for-45-2-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"888 Holdings Finalizes Sale of Bingo Business to Broadway Gaming for $45.2 Million\" \/>\n<meta property=\"og:description\" content=\"888 Holdings has sold its B2C and B2B bingo units to Saphalata Holdings (Broadway Gaming) for $45.2 million, marking a strategic move for the company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/888-holdings-finalizes-sale-of-bingo-business-to-broadway-gaming-for-45-2-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Guide to the Best Licensed Casino Games &amp; Latest News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-16T15:47:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:15:46+00:00\" \/>\n<meta name=\"author\" content=\"Haley &quot;Harmony&quot; Ayers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Haley &quot;Harmony&quot; Ayers\" \/>\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:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/888-holdings-finalizes-sale-of-bingo-business-to-broadway-gaming-for-45-2-million\/\",\"url\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/888-holdings-finalizes-sale-of-bingo-business-to-broadway-gaming-for-45-2-million\/\",\"name\":\"888 Holdings Completes Bingo Business Divestiture\",\"isPartOf\":{\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/#website\"},\"datePublished\":\"2024-06-16T15:47:44+00:00\",\"dateModified\":\"2024-06-20T14:15:46+00:00\",\"author\":{\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/#\/schema\/person\/e2f324893148df6ca7a6eaac6184e2b5\"},\"description\":\"888 Holdings has sold its B2C and B2B bingo units to Saphalata Holdings (Broadway Gaming) for $45.2 million, marking a strategic move for the company.\",\"breadcrumb\":{\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/888-holdings-finalizes-sale-of-bingo-business-to-broadway-gaming-for-45-2-million\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/888-holdings-finalizes-sale-of-bingo-business-to-broadway-gaming-for-45-2-million\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/888-holdings-finalizes-sale-of-bingo-business-to-broadway-gaming-for-45-2-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"888 Holdings Finalizes Sale of Bingo Business to Broadway Gaming for $45.2 Million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/#website\",\"url\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/\",\"name\":\"Your Guide to the Best Licensed Casino Games &amp; Latest News\",\"description\":\"Stay informed and enhance your gambling experience with our fresh casino news, in-depth reviews, and expert articles. 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