888 Acquired A Portfolio Of The Brand Of Digital Bingo Jet

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January 28, 2022
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Operator 888 acquired a portfolio of the brands of digital bingo jet to strength its position in the british online bingo market.

888 Acquired a Portfolio of the Brand of Digital Bingo Jet

Company 888 acquired several brands from jet, which previous worked as a b2b brand on platform 888 dragonfish bingo. The cost of the transaction was £18 million ($ 23.3 million).

£12 million from the total amount will be paid after the absorption is completed and the rest £6 million – in september 2019.

Previously under the control of the jpj group, the mandaliy portfolio will now function on the b2c platform. It includes costa bingo, city bingo and sing bingo.

Itay pader, ceo 888, said: «the conpany contines to implement the declared strategy for expanding global regulated markets. These plans are based on organic growth initiatives and supported by research m & a».

In addition, the puzzle believees that the combinationation of brands will ensure growth opportunities due to the company’s experience in the field of product management, marketing and customer work.

Recall that british operators have stated a decline in shares after the announcement of the ban on online rates on the us market.

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