Noticias de ultima
  • 12.00 IGT Wins "Diversity and Inclusion" Category at 2024 Women in Gaming Diversity Awards
  • 12.00 JCM Global Partners with Jake's 58 Casino Hotel to Create Bistro 58 Sports Lounge
  • 12.00 Massachusetts Gaming Commission Publishes 2023 Annual Report
  • 12.00 Ortak x B.F.T.H. Arena Awards 2024 Features Mr. First Ray by Endorphina
  • 12.00 Go Hot or Go Home with Amusnet's newest slot release 10 Power Hot
  • 12.00 The complex reality of online gambling in Argentina: between legislation and prohibition
  • 12.00 Detroit casinos report $113.2M in May revenue
  • 12.00 Sao Paulo government signs decree authorizing state lottery bidding
  • 12.00 Brazil: Today, CCJ to debate bill that legalizes casinos, bingo and jogo do bicho
  • 12.00 Artificial Intelligence in Gaming: Unveiling the Buzz: an analysis by GLI Joseph Bunevith

888 Looks to Cement Itself in US Gambling Market with All American Poker Network Purchase

Tuesday 11 de December 2018 / 10:45

2 minutos de lectura

(United States).- 888 positions itself for US expansion with All American Poker Network acquisition for a total consideration of $28 million

888 Looks to Cement Itself in US Gambling Market with All American Poker Network Purchase

Online gambling operator 888 Holdings today announced that it has acquired the remaining 53% shares in All American Poker Network (AAPN) in a bid to pursue further expansion in the US gambling market.

888 said in a press release from earlier today that it will pay $28 million in cash to assume full control of the US-focused online poker network. The gambling company set up AAPN back in 2013 as a joint venture with US partner Avenue OLG Entertainment LLC. The joint venture was established to help 888 launch its online gambling brands in New Jersey’s iGaming market, which had just been regulated at the time. The 888poker and 888casino brands went live in the state in the fall of 2013.

888 said in today’s press release that the acquisition of AAPN will give it “independent control of its growth strategy in the US.” Similarly to other major gambling companies, 888 has been looking to expand and cement itself in the US market, following the mid-May US Supreme Court ruling that struck down a federal ban on sports gambling. Legal sports betting operations have started in eight states since the landmark SCOTUS decision and many more are expected to join the bandwagon next year.

888 launched its sports betting brand in New Jersey in September, marking its first time of operating sports gambling in the US. The company recently signed a sponsorship agreement with the New York Jets that became the first of its kind between an online gambling company and an NFL franchise.

Additional Operational, Technological, and Commercial Flexibility

888 Chief Executive Itai Frieberger said today that the acquisition of AAPN will give 888 “additional operational, technological, and commercial flexibility” to develop innovative and exciting partnerships and launch its products in new states.

The transaction “places 888 in an even better position to take advantage of the significant growth opportunities in the US”, the executive added.

In addition to New Jersey, 888 has also been operating in Nevada and Delaware for a while now. It previously began offering online poker liquidity to players from the aforementioned two states through its AAPN network. New Jersey players were allowed to take advantage of the opportunities shared poker liquidity offered in May 2018. Following the liquidity rollout, players from the three states were able to compete for a cumulative jackpot and participate in joint tournaments. 888 shares were up more than 16% on the London Stock Exchange on the day of rollout.

888 said today that to complete the AAPN transaction, it would pay $10 million on or around the day of the announcement of the deal, and another $18 million by the end of March 2019.


Tags: betting software, Casino Online, casinos, online gaming, Sports Betting, Sports Gaming , Sportsbook , 888,

País: United States



09 de April 2024

EGT & EGT Digital impressed at GAT Expo 2024 showcasing their innovative iGaming solutions

(Cartagena de Indias, SoloAzar Exclusive).- Ms. Silviya Marinova, Director of EGT Colombia, granted an interview to SoloAzar about the performance of the firm at the latest edition of GAT Expo Cartagena. She spoke about the highlights of the tradeshow, the latest innovations showcased including the Phoenix slot cabinet and the all-in-one betting platform X-Nave. She also remarked the importance of their presence in the iGaming Colombian market.

Wednesday 22 May 2024 / 12:00

Casino Garage: committed to sustainability

(Cartagena de Indias, Exclusive SoloAzar) - Meet Ester Tarres, the visionary behind Casino Garage, a world leader in refurbishing second-hand slot machines since its creation in 2006. With a team of professionals, Casino Garage has become synonymous with excellence. In this article, Ester tells us about her presence at the GAT Expo, held from 9 to 11 April.

Tuesday 07 May 2024 / 12:00

Responsible Gaming, Regulation and Certification in Latin America and the Caribbean

(Cartagena de Indias, Exclusive SoloAzar). - Karen Sierra-Hughes, Vice President for Latin America, the Caribbean and Spain at GLI (Gaming Laboratories International), led the GLI Corporate Conference: Technology and Sustainable Gaming. With her extensive experience as a gaming regulatory consultant in the region, Karen offered key perspectives on how technology can drive sustainability in the gaming industry.

Tuesday 07 May 2024 / 12:00


Para suscribirse a nuestro newsletter, complete sus datos

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