Noticias de ultima
  • 12.00 EGT, confirmed sponsor at Expo Congreso de Juego- Luis Escribano
  • 12.00 GAT Brazil Lands in São Paulo Next Year
  • 12.00 CT Interactive presents Hell’s Hot 7’s: Treasures of the Sevens
  • 12.00 Sportsbook solutions: Altenar joins forces with Gamblr
  • 12.00 MINCETUR Highlights Strong Performance of Regulated Gaming in Peru with Over 20,000 Procedures Managed
  • 12.00 Grupo Jetnasa: “Triple Charm journey from Zitro has everything”
  • 12.00 Casino Earnings in Maryland Dip in June, Leading to Decline in Education Fund Contributions
  • 12.00 Thailand’s Casino Industry Faces Setback Amid PM Paetongtarn Shinawatra’s Suspension
  • 12.00 Cabo Verde gives Macau Legend a last ultimatum over delayed hotel and casino development
  • 12.00 Casino licensee deemed suitable to operate Crown Perth in Australia
Online Games

888 acquires Costa Bingo

Wednesday 20 de February 2019 / 13:38

2 minutos de lectura

(London).- 888, one of the world’s leading online gaming entertainment and solutions providers, announces the signing of an agreement by its wholly-owned subsidiary, Brigend Limited, for the acquisition of certain assets of Jet Management Group Limited and Jet Media Limited (together, “Jet”) for consideration of £18 million (the “Transaction”). Jet is part of the group of companies headed by JPJ Group plc, which owns the Jackpotjoy brands.

888 acquires Costa Bingo

  • 888 acquires a portfolio of successful Bingo brands, including Costa Bingo.

  • The acquisition further strengthens 888’s position in the UK online bingo market and enables the Group to take full marketing control of a number of additional bingo brands.


Background to the Transaction


Consolidating its position as one of the leading bingo operators in the UK, 888 has acquired a portfolio of Jet’s online bingo brands, which previously operated as business-to-business (‘B2B’) brands on 888’s Dragonfish Bingo Platform. Going forward, 888 will operate these on a business-to-customer (“B2C”) basis.


Jet has been a partner of Dragonfish, the Group’s B2B Bingo division, since 2009 with brands including Costa Bingo, City Bingo and Sing Bingo. The acquisition will give the Group full control of these successful brands from a marketing perspective to support and further strengthen the Group’s position in the UK online bingo market.


Itai Pazner, Chief Executive Officer of 888 commented:



“The Group continues to deliver its stated strategy of expanding across global regulated markets. This expansion is underpinned by organic growth initiatives supported by exploring value-enhancing M&A."


“We are pleased to announce the acquisition of this portfolio of brands which includes the well-established Costa Bingo. Having been developed on Dragonfish, the Group’s first-class B2B platform, we are confident that consolidating these brands into our existing B2C portfolio will deliver synergies and growth opportunities by applying the full extent of 888’s core capabilities in product, marketing and customer relationship management to their operations.”



Details of the Transaction
The consideration of £18 million will be satisfied all in cash, with £12 million being paid to Jet upon closing of the acquisition and the remainder of £6 million to be paid in September 2019.


Transaction Classification
The Transaction constitutes a class 2 transaction for the purposes of the Financial Conduct Authority's Listing Rules (“LR”). For the purposes of LR 10.4.1 R (Notification of class 2 transactions), the value of the gross assets that are the subject of the Transaction is £18 million as at the date hereof, and the profit before tax attributable to the assets as sourced from unaudited management accounts provided to 888 by Jet is approximately £3.7 million for the year ended 31 December 2018.


 


 


 


 

Categoría:Online Games

Tags: 888, Bingo, Bingo Electrónico,

País: United Kingdom

Event

Peru Gaming Show 2025

18 de June 2025

MINCETUR Highlights Strong Performance of Regulated Gaming in Peru with Over 20,000 Procedures Managed

(Lima, SoloAzar Exclusive).- In the annual report from the General Directorate of Casino Games and Slot Machines, Director General Yuri Guerra Padilla emphasized the collaborative efforts between the government and private sector to strengthen Peru’s gaming industry. With record figures, administrative progress, and an educational approach, the regulator reaffirms its commitment to legality and modernization.

Tuesday 08 Jul 2025 / 12:00

Enrique Jütten Highlights Innovative Technology's Success at Peru Gaming Show 2025

(Lima, SoloAzar Exclusive).- Enrique Jütten, VP of Sales & Business Development GAV at Innovative Technology, shares insights from the latest edition of the Peru Gaming Show, emphasizing the importance of the Latin American market and the positive response to their tech solutions.

Tuesday 08 Jul 2025 / 12:00

IAG Play Stood Out at PGS 2025 with Innovative Games and Latam Expansion

(Lima, SoloAzar Exclusive).- Fernando Polti, CTO of IAG Play, shared insights about the products showcased at the 2025 Peru Gaming Show, emphasizing a strong offering inspired by the gaming universe. With titles like high-volatility Crash Games, immersive Fantasy experiences, and the successful Scratchers, the company captivated operators and regulators, sparking new partnerships across Peru and Latin America. What makes their portfolio stand out? Read on to discover.

Friday 04 Jul 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST