888holdings has completed the sale of its B2B and B2C Bingo business to Saphalata Holdings, a major development in its corporate restructuring. A member of the Broadway Gaming Group, Saphalata initially agreed to buy 888’s Dragonfish brand for a total cash consideration of $45,25 million (£37.4m) back in December 2021. The transaction saw $45.25m payable on completion of the deal …
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888 sells Dragonfish bingo unit to Broadway for $50m
Broadway Group’s Saphalata Holdings Ltd is due to acquire the Dragonfish online bingo business units of 888 Holdings for a total consideration of $50 million, as the latter looks to focus on its US operations and other B2C assets. Under the terms of the transaction Broadway Group will integrate 888’s Dragonfish B2b holding and multiple B2C operators, including its technology, …
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