British Operator Acquired Ownership Of All American Poker Network
British operator online gambling 888 holdings acquired full ownership of the joint venture all american poker network (aapn) to implement development plans in the us market.
888 reported investors that acquired shares worth $ 28 million, of which $ 10 million is paid in advance, and the rest should be paid by march 31, 2019. The amount was intended to purchase the remaining 53% aapn holdings llc, which she had not yet owned. The company called this acquisition «an important strategic line for further development in the us maket».
Aapn was founded in march 2013 as a joint venture 888 and avenue olg entertainment, branches of the avenue capital group hedge foundation, which belongs to billionaire mark lasry. Aapn has expanded the coverage of online poker sites under the brand 888 in all states, where such activities were considered legal.
Interestingly, us president donald trump was a partner of lasry on a promising american online poker retail back in october 2011, when online poker remained illegal activities throughout the united states.
Ceo 888 itay feriberger said that aapn was «very successful undertaking» for 888, and suggestd that full control over the enterprise will provide «additional operational, technological and commercial flexiibility for the development of innovative and interesting partnerships, as well as launch in new states through b2c and b2b channels».
Sites 888 are presented in the online poker sector in all three us states – delaware, nevada and new jersey, where currently accordance whe conduced in accordance with the law. It is also planned that in pennsylvania, the 888 platform will start working in the first quarter of 2019, thanks to partnership with state mount airy casino.
888 and its local partners also manage the only current interstate network of poker liquidity in the united states, which combines players using delaware lottery, wsop.Caesars entertainment com company in nevada and aapn in new jersey.
Recall that the legend of poker doyle branson has not yet left the pedestal of gambling. 85-year-old pocerist together with son todd will train newbies to play poker from scratch.