
888 Announces Sale of US Assets to Hard Rock
888 has announced the sale of its American assets to Hard Rock Digital, a specialist in land-based casinos in the United States. This move signifies 888's complete withdrawal from the American gambling market following a strategic review of its B2C operations in the country.
The transaction is contingent upon regulatory approval and the fulfillment of various conditions. The exit from the market will be carried out gradually and is projected to be finalized in the fourth quarter of 2024.
This decision mirrors the recent move by another gambling company, Kindred Group, which also revealed plans to exit the US market. While 888's CEO Niels Anden hasn't ruled out long-term gains, the company has opted to follow suit and depart from the jurisdiction. Management anticipates regular annual EBITDA growth of approximately £25 million, with about £10 million of this earmarked for reinvestment in strategic initiatives.
29 March 2024, 11:00
Casino and Games
Other news
Gambling adverts during football matches triple in UK
29 September 2024, 16:17
Merkur Group founder to step down as chairman after 67 years at the helm
29 September 2024, 09:22
Dutch players demand bookmakers refund their money
28 September 2024, 15:14
Flutter Enters Top 3 Largest Bookmakers in Brazil
28 September 2024, 10:08
DraftKings to Pay $200,000 Fine Over Social Media Post
27 September 2024, 15:41
Star Entertainment Group Reports Financial Downturn
27 September 2024, 10:54
Norfolk casino project approved by Architectural Review Board
26 September 2024, 14:37
Flutter Entertainment aims to triple profits
26 September 2024, 09:19
Five social casino ads banned in UK
25 September 2024, 10:27
Brazil's WA.Technology Acquires Onseo
24 September 2024, 17:24
ESPN Bet Could Launch in New York by Weekend
24 September 2024, 08:30
EveryMatrix Appoints Former Entain Employee as Product Director
23 September 2024, 17:03
Articles
Why will the Snaitech deal double Flutter's market share in Italy?
26 September 2024, 16:00
Hiring Talent from Different Industries: Why and How?
26 September 2024, 09:09
The Social Casino Phenomenon: Real Money and Databases for Bookmakers
20 September 2024, 17:18
Dividing the Peruvian Pie: Who Will Take Over the Market After the Regulatory Law?
20 September 2024, 14:10
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
13 September 2024, 11:00
Categories