Prominent online casino and sportsbook operator 888 Holdings has announced the inking of an arrangement that is to see it sell off the entirety of its bingo business to Saphalata Holdings Limited for approximately $50 million.

The Gibraltar-headquartered firm used an official press release (pdf) to assert that the deal with the Broadway Gaming Limited subsidiary is now expected to close ‘during the second quarter of 2022’ involving all of its business-to-business and business-to-consumer bingo operations. However, the London-listed behemoth also pronounced that the whole transaction remains conditional upon the completion of an ongoing reorganization alongside this new-look enterprise receiving a license from the United Kingdom’s Gambling Commission regulator.

Larger target:

888 Holdings is currently closing in on the around $2.7 billion acquisition of the non-American assets of rival enterprise William Hill and it declared that the disposal of its bingo assets is to allow it to more closely focus on its ‘core business-to-consumer and United States growth strategies’คำพู�…