Tag Archives: Saphalata Holdings

888 puts faith in ‘transformational’ Hills merger as H1 profit sinks 66%

SBC News 888 puts faith in ‘transformational’ Hills merger as H1 profit sinks 66%

The group-wide revenue and profit of 888Holdings  took a heavy hit across the first six months of the year, as the LSE-listed firm continues to adjust to its acquisition of William Hill. Publishing its interim report this morning, the FTSE250 group revealed that revenue and profit for H1 2022 were both down by 13% and 66%, standing at £332.1m and …

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888’s corporate transformation continues as bingo business sold to Saphalata

SBC News 888’s corporate transformation continues as bingo business sold to Saphalata

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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