#Saphalata Holdings

Yogonet

Broadway Gaming seals 888 bingo business acquisition with a Final $2m payment

Broadway Gaming has finalised the acquisition of 888's online bingo business with an additional $2 million payment, following the initial payment of $43.25 million, which both companies agreed on to initiate the merger. The takeover is the result of an agreement that was made nearly two years ago to transfer over the assets of over 200…

Industry ・ 08 November 2023

Yogonet

888 and Playtech sign Live Casino, RNG content deal for the US

Playtech announced Thursday the signing of a new multi-state agreement in the U.S. with 888 Holdings, which owns internationally renowned brands including the recently acquired William Hill, Mr. Green and SI Sportsbook. As part of the deal, Playtech will provide its Live Casino and random number generator (RNG) games to 888casino, starting in New…

Live Gambling ・ 11 August 2022

Casino Guru

Broadway Gaming completes acquisition of 888 bingo assets

888 Holdings has completed the divestment of its B2B and B2C bingo divisions, selling the assets to Saphalata Holdings, part of Broadway Gaming. The deal was originally announced at the end of last year when 888 and Saphalata Holdings agreed to the transaction estimated at $45.25m. The now-completed agreement is upending the bingo market in…

Bingo ・ 08 July 2022

Gaming Intelligence

888 completes online bingo sale to Broadway Gaming

London-listed betting and gaming operator 888 Holdings has completed the sale of its customer-facing and B2B bingo businesses for $45.25m. agreement last December, 888's online bingo businesses have been sold to Broadway Gaming subsidiary Saphalata Holdings for $43.25m, with a further $2m unconditionally payable in one year. 888 has also agreed to…

Bingo ・ 07 July 2022

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Gambling News

Broadway Gaming Lost an Appeal over £4.9 Million Tax Refund

The First-tier Tribunal rejected an appeal filed by Broadway Gaming, a UK-based online gaming company, against Her Majesty's Revenue and Customs (HMRC) over a £4.9 million ($6.39 million) gaming tax refund. One of the main reasons the First-tier Tribunal dismissed the bingo and online casino operator's claim was Broadway Gaming's failure to provide…

Finance ・ 14 April 2022

This Is Money

Casino gaming helps 888 achieve a 'record' year of revenue

Gambling company 888 Holdings has posted a record year of trade despite a slowdown in the fourth quarter, thanks to handsome growth in casino gaming. The Gibraltar-based group saw its revenue surge by 14 per cent to $972million last year, with around three-quarters of takings deriving from its regulated and taxed markets, which include the UK,…

Finance ・ 18 January 2022

Online Bingo

888 to sell all bingo operations including Dragonfish in £38m deal

Gambling firm 888 Holdings has announced that it is to sell its online bingo operations in a deal worth US$50m. The deal announced today will see all of 888's bingo brands, as well as its Dragonfish bingo software, acquired by Saphalata Holdings, a company that is part of UK bingo giant Broadway Gaming Ltd. 888 came to the decision to sell its…

Bingo ・ 22 December 2021

Yogonet

888 sells its entire online bingo business to Broadway Gaming, focuses on core markets

Broadway Gaming Group's Saphalata Holdings announced Wednesday the acquisition of the entire online bingo business units of 888 Holdings for a total consideration of $50 million. Under the new agreement, Broadway Group will integrate 888's Dragonfish B2B holding, and multiple B2C operators, including its technology, assets, operations, clientele…

Bingo ・ 17 December 2021

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Regina Leader Post

Gambling firm 888 to sell Bingo unit as it focuses on core business, U.S. ops

British gambling firm 888 Holdings Plc said on Wednesday it would sell its Bingo business to a member of the UK-based Broadway Gaming group for $50 million on a cash- and debt-free basis, as it focuses on its core offerings and the U.S. market. The online betting company undertook a strategic review of Bingo and the sale to Saphalata Holdings…

Bingo ・ 16 December 2021

This Is Money

888 Holdings confirms £38m deal to sell its bingo operations

Online gambling group 888 Holdings has agreed to sell its bingo businesses for at least $50million (£38million) in order to focus on its core operations. The FTSE 250 company has the potential to receive another $4million from the sale to Saphalata Holdings, a division of Broadway Gaming, should it hit specific revenue-based performance targets…

Bingo ・ 15 December 2021

Vegas Slots Online

888 Holdings to Sell Bingo Business in a Deal Worth $50m

888 Holdings has announced that it is selling its bingo business for $50m. The global gambling group announced the sale of all of its B2B and B2C bingo businesses to Saphalata Holdings on Wednesday. The buyer is a part of Broadway Gaming, a group of online casino and bingo platforms. a possible earnout worth as much as $4m The total consideration…

Bingo ・ 15 December 2021