The Bookmaker Company Leaves The Russian Market And Buys The Largest Competitor In The International Market

Information appeared that a major international bookmaker closes the direction 888.Ru, leaving the russian market against the background of constant changes in the legislative field and high pressure on the state of the state. At the same time, the company buys a business of one of its largest competitors for $ 3 billion.

The rules for the functioning of the betting market in russia constantly changing in attempts to establish the maximum regulation of the state operators from the state. In such conditions, not all companies can save the desired positions. According to the information portal kushvsporte, soon the famous bookmaker 888 according.Ru.

Last year operator 888.Ru has already been in a difficult position when had to suspend work because of the covid-19 pandemic and restictions related to it. After the platform resumed work, but it was not possible to return the previous results. Officially, the company has not yet announced, but the bookmaker employees are already aware of his intentions. Most likely, in the near future, the organizer of gambling will announce the care and will begin the procedure for calculating clients.

At the same time, 888 holdings remains in the list of largest betting companies in virtual space. Outside the russian market, the holding is actively developing, as evidenced by the prisoner of the purchase of a british competitor william hill.

Thanks to the acquisition of a competitor’s business of 888 holdings, will expand the sphere of activity from online to offline, as the physical betting offices william hill will receive at its disposal. Competitor’s business currently belongs about 1.4 thousand. Ground bookmaker points in united kingdom, italy, spain and scandinavia countries.

The amount of the transaction reaches $ 3 billion, while the market capitalization of 888 holdings is $ 2.1 billion. To make a purchase, owners of the holding appealed for lending to banks.

We remind you earlier experts told whether the bookmakers are legally legitimate in russia and why many players still make rates in illegal betting offices.